nick venedi

Tuesday 18 August 2009

Is the recession over?

It will appear that based on figures announced yesterday Japan, France and Germany could be out of the recession as the stats show signs of growth. This, however, isn't the case with the USA and Britain which means, I am afraid, that in a global market situation the knock on affect will be that the capitalist system has not sorted itself out. Economists will also tell you that the injection of false money into the economies of Western nations will only produced short term gains and will artificially boost demand which means that we will have a brief reprieve followed by a worst economic crisis later on. This brings on the question of whether the capitalist system which allows this kind of boom and bust is the right one and whether the United Left is right and we should be looking at alternative ways to manage our financial affairs. The capitalist system depends on human greed factors which is of course morally wrong. Should we be looking at alternatives?

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