Documentary # 3 – Casino Capitalism
Posted on : 08-03-2010 | By : admin | In : Gambling
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Part three in The Renegade Economist investigative documentary series uncovering the people and practices behind the global financial crisis.
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For free-market economists to expect that the markets are efficient and fair (without information imbalance) is like the people expecting leftists governments in power to solve inequality… none care for the average citizen. Can’t there be a way that the world is more just in a distributed way without central control?
Policies of easy money have made artifical booms, rather than long term sustained growth. This is nothing to do with capitalism, capitalism itself is the economic theory in which markets are free, and where the government stays out of economic affairs. What we’ve been living in lately is not capitalism; it’s corporatism. What we need are free-markets, laissez-faire capitalism with sound monetary policy (returning to the gold standard could achieve this), and the future would be bright.
(Continuing from my last comment) I disagree strongly with Keynsianism, and I believe that governments have been creating artifical bubbles that have led us into this recession.
This video makes very little sense, because it makes some very good points, and then turns its attention away from the root cause of the problem. It is blaming so-called “capitalism” for the problems, and yet all of this video critisized government policies, regulation, and intervention. I myself am a typical laissez-faire ‘capitalist’, and I agree strongly with points made here.
yes very true – like standards, welath creation, ambition, aspiration – all of the things they detest
I say sell TV rights to every station that wants em. I don’t want to be missing out on that here in Canada.
to Inkibert: in my amature opinion as someone that has always been interested in following the economy I believe on a scale of 1 to 10 (10 being the worst)……I think the USA is at a “7″
socialists want to destroy everything
‘I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.
Thomas Jefferson ~ 3rd President of the United States ( 1801-1809 )
i say they should be killed in a capitalist manner,gladiator arenas and if they wont fight let loose the lions.sell the tickets on ebay and tv rights to sky
the figures are complete nonsence, the actual capital non existant , we should burn it all and those resposible .
I wonder on a scale of 1 to 10 how bad is it and how much debt is our nation now in I stopped counting some time ago.
Excellant documentary Renegade Economist look forward to the next one
In the Noughties, it looks like the Daily Telegraph, once an honest rag (no longer), is keen that Jim Rogers is set up in the manner you describe. Have you read that vicious assassination today?
The myth of debt fueled-growth is gaining momentum as I type.
God help us all.