RGE - The USA *after* this financial crisis - part 2, a new economy for America
An excellent article going a step forward in picturing the possible future for the US. Very descriptive, showing what might be awaiting the strongest capital market in the world.
There is a real possibility of almost eliminating the free markets. Just as the interest rate is now set by central banks so could be the price of guaranteed securities.
The article mentions that the Democratic Party has a public policy objective of nationalizing the health care sector. This will effectively give it the status it has in many other countries which, what an irony, are moving away from it towards privatization.
The price for all this restructuring will come from higher taxes for the rich. Again, a familiar scenario from other countries.
Australia could be an example here for any point mentioned. It already has a public health care sector. It has high taxes. It has highly regulated and quite stable banking sector.
This might very well be the death of the American-style capitalism.
An excellent article going a step forward in picturing the possible future for the US. Very descriptive, showing what might be awaiting the strongest capital market in the world.
There is a real possibility of almost eliminating the free markets. Just as the interest rate is now set by central banks so could be the price of guaranteed securities.
The article mentions that the Democratic Party has a public policy objective of nationalizing the health care sector. This will effectively give it the status it has in many other countries which, what an irony, are moving away from it towards privatization.
The price for all this restructuring will come from higher taxes for the rich. Again, a familiar scenario from other countries.
Australia could be an example here for any point mentioned. It already has a public health care sector. It has high taxes. It has highly regulated and quite stable banking sector.
This might very well be the death of the American-style capitalism.
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