cabby john wrote:
It is not inconclusive - It is a straight forward version of stating that wealth needs to be distributed fairly in order for Capitalism to survive.
Ironically he uses a monopoly board ( an illustration that I have used many times) to illustrate his thoughts! The bottom line is that Capitalism is just like the monopoly board game.............once all the money ( or most certainly most of it ) is in one corner of the board...............you are screwed, and out of the game with very little chance of coming back into it.
Also keep an eye on the streets/shops...............when you/I see people out and about spending freely - then you will know we are out of the woods. When you see the Governor of the BOE keeping rates as historically low as they are..............then we are still in the s h i t....simples, but we will not be out of it anytime soon.
Inconclusive in that it suggests no policys tactics or indeed alternatives to the present stinking scenario!
Naturally old TT has the solution but just maybe i will let CJ lead on that
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