Financial business is creating credit without limit until a crisis occurs. That's the fundamental flaw which caused the current crisis, says Andrew Sheng in this INET interview. He also worries that the destruction of the tropical forest and other threats to the biosphere have the same character of ungovernable excesses until a crisis occurs.
http://ineteconomics.org/video/andrew...
inetpub Andrew Sheng - Sustainability Requires Caging Godzillas | |
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