<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"Two financial writers in the UK have penned quite a scathing review of the present financial situation from the view from the UK. It gives you a good touch point to review the US and Cdn takes on the subject. Things are not that great all over, but they really make a case that core to rebuilding our system is a strong robust middle class. The banks need to be regulated and taken back to their basic functions. What they say we all can expect ( no surprises):<\/p>\n
* Taxes will rise.
\n * Oil will drop then rise steadily
\n * House prices will fall -worldwide
\n * The bad news continues with little guess how many years.
\n * If food energy costs rise we risk a wage- price spiral
\n * A set of environmental disasters would be very hard to recover from at this time. (Eg Katrina)
\n * Geopolitics will be unstable eg. Russia will club others with their oil and gas riches.
\n * China could suffer the Olympic “curse” unless they spend even more on their infrastructure than they spent on Beijing.
\n * State supervision and control of financial sector will dramatically impact business behavior.
\n * Large reforms of the banking sector
\n * Unions to survive will become more pro-trade<\/p>\n
They make quite a statement about the need to use democracy to force accountability through all politics and the present public ownership of many business sectors. This should increase the public attention to voting etc. To Governments they suggest:<\/p>\n
* Don’t spend what you do not have
\n * Increase taxes on the wealthy
\n * Reduce corporate welfare
\n * Increase the safety net for the poor
\n * Invest in education, technology, and forward facing infrastructure.<\/p>\n
Check them out at http:\/\/www.thegodsthatfailed.co.uk\/<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[267,29,266,268,269,271,270,23],"_links":{"self":[{"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/posts\/928"}],"collection":[{"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/comments?post=928"}],"version-history":[{"count":4,"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/posts\/928\/revisions"}],"predecessor-version":[{"id":932,"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/posts\/928\/revisions\/932"}],"wp:attachment":[{"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/media?parent=928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/categories?post=928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.regnordman.com\/wp-json\/wp\/v2\/tags?post=928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}