tag:blogger.com,1999:blog-4411161795798360588.post6753825136519309637..comments2024-03-26T09:38:39.888+00:00Comments on Borthlas: All power to the markets?John Dixonhttp://www.blogger.com/profile/07447224248021209852noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4411161795798360588.post-87211298589811746482011-09-10T15:23:55.068+01:002011-09-10T15:23:55.068+01:00I think this notion of needing the approval of the...I think this notion of needing the approval of the markets is a classic application for the term Hegemony Gwyn Alf would be in his element...You mean there's more???https://www.blogger.com/profile/12736627336832800972noreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-19878182010824222612011-08-12T10:45:45.276+01:002011-08-12T10:45:45.276+01:00China have all the cards at the moment. They own ...China have all the cards at the moment. They own over 1 trillion dollars of the USA debt, and will be one of the most prominent likely buyers of the next issue, so the US has to listen to what they say. <br /><br />The 'markets' and the capitalist system in general appears to me to be in critical condition, and cannot survive without radical surgery. The free market, unregulated experiment has failed, but I hear no-one coming up with realistic proposals to revive it. The Tory instinct of cutting taxes for the rich - which has been raised recently - will just make things worse.Siônnynhttps://www.blogger.com/profile/00021974709953206048noreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-81273217971319555022011-08-10T10:31:33.821+01:002011-08-10T10:31:33.821+01:00The word “Confidence” is a little misleading.
The ...The word “Confidence” is a little misleading.<br />The story of Palmerston dealing with 19th century potentate who had learnt that HMG had changed sides sums up the attitude to money and markets more accurately , when Palmerston advised the poor man “ England does not have friends, it only has interests”<br />As for the Workers’ Paradise of China , the strategic aim of Uncle Sam is to render China ,broke ,as it did with the USSR and my friends in low places tell me this is a 24/7 obsession in the economic warfare/military community – get rid of the man who owns most of your debt and you are out of jail free.Spirit of BMEnoreply@blogger.com