Creative Destruction: The Madness of the Global Economyhttp://medialens.org/index.php/alerts/alert-archive/2008/531-creative-destruction-the-madness-of-the-global-economy.html
Date Written: 05/02/2008
Year Published: 2008
Resource Type: Article
Cx Number: CX9531
The current system of economics, particularly the latest stage of 'turbo-capitalism', known inoffensively as 'neoliberalism', is built upon painful boom-and-bust cycles fuelled by corporate greed and maintained by cynical deception of the public. The costs to the planet - in terms of human suffering and environmental collapse - are staggering.