The benefits of economic growth have gone into the pockets of plutocrats rather than the bulk of the population. So why has there been no revolution? Because there was a solution: debt. If you couldn’t earn it, you could borrow it.
Molann sé rud a scríobh mé faoi i Nuacht24 cúpla mhí ó shin, sin caipitleachas morálta. Sórt córas caipitleachais le hanam sóisialach.
we should not be too hasty about abandoning the capitalist model. It is less bad than any other system yet invented. But we should redouble our efforts to increase productivity through innovation and creating new markets; simply squeezing lower-income workers is a bad option, which helped get us into this mess in the first place.
Seans go mbeadh níos deacra a leithéid sin de chaipitleachas a bhaint amach ná an Útóipe shóisialach a dhéanann an sóisialaí díograiseach a dhícheall a bhaint amach? Nach mbriseann an dúchas trí shúile an chait.