Tuesday, September 22, 2015

Response to a friend who worries about UK

I certainly do not see any solutions. and today I see this
 I certainly did not see the Arab Spring or the later developments. What little I see is more conflict. We have come to zero interest rates in most developed economies. I think that this means less profits and elites will try to take biger piece of the pie and more misery for the rest. Even Andrew Haldane does not seem to know how to handle this. http://mainlymacro.blogspot.com.au/2015/09/haldane-on-alternatives-to-qe-and-one.html
So I think that there will be increasing conflict. One hopeful sign is the increase of co-operatives 
"Today the sector is estimated to have around 1 billion members. Co-operatives employ, directly or indirectly, 250 million people around the world. The world's top 300 co-operatives by themselves have an estimated global turnover of 2.2 trillion USD, as revealed by the 2014 World Co-operative Monitor."
from http://ica.coop/en/whats-co-op/history-co-operative-movement. Central governments won't go away and what we may see is growing co-operatve movements and tensions and conflicts between those and states. May be.

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