The Toronto star reports that 297 000 UK firms folded in 2010 – 813 everyday. On the same page it is remarked that Ekaterina Ribolovlev, 22 year-old daughter of Russian billionaire. Dymitri, bought a New York apartment for $88 million – 10 rooms, 6 744 square feet. The differences in human fortunes are truly staggering. Surely there will be a call for the end of this nonsense.
Well, it seems there is one alternative – 'System D', the black market, the lemonade stands, flea market vendors, etc. About 1.8 billion people are counted in this class with an economy as large as that of the US. It's all cash and no taxes. Apparently, System D outperformed the regular economy as the recession hit. John Ayers.
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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