Economic "experts" are forever telling us that capitalism is a wonderful society and are always quick to inform us of the latest "trends" in the market. In fact they haven't a clue. "Risks to global financial stability have increased in the past six months despite efforts by policymakers to make the financial system safer, according to the International Monetary Fund. It said little progress had been made in making the system more transparent and less complex, and that confidence in it had become "very fragile". .... On Monday, the IMF downgraded its forecast for global growth. It estimated growth in 2013 to be 3.6%, down from 3.9% in its previous forecast in July." (BBC News, 9 October) Capitalism by its very nature is an unpredictable society based on economic slumps and booms. Rather than listen to the "experts" workers should abolish the whole outmoded system. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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