Politicians and media "experts" are always telling us that although times may prove economically fraught at the moment the future will prove much better. Occasionally however the truth leaks out. 'Recession in the eurozone will be deeper than expected this year, the European Commission said yesterday in spring forecasts that predicted continuing record unemployment and a sluggish economic rebound next year.' (Times, 4 May). Capitalism by its very nature is based on booms and slumps and no "expert" has ever managed to solve that basic flaw of the system. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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