S2 Ep48. The long pause. The Crisis of our Times. Part 21.

<p>The Economic Crisis, the next horseman of the apocalypse,  is updated and explained. We are currently in a  pause as the underlying malaise is disguised by money creations and bail outs. But this only postpones and augments the crisis to come.</p> <p align="justify"># The post 2007/8 Global Financial Crash led to a new stage of capitalism in which massive government intervention in the financial system became the new paradigm</p> <p align="justify"># This was accomplished through cheap and abundant money, propping up of the financial system at all costs</p> <p align="justify"># Moral hazard has increased enormously</p> <p align="justify"># Zombified companies have saturated the economy</p> <p align="justify"># Stock markets have become disconnected fro the real economy</p> <p align="justify"># Inflation in asset and housing prices have been typical of many counties.</p> <p align="justify"># Increasing inequality</p> <p align="justify"># Paralysed or declining productivity growth rates</p> <p align="justify"># Astronomical and un-payable national debts which are ruinous for the future</p> <p align="justify"># Price discovery, the essence of the free market system has been substantially eroded</p> <p align="justify"> </p> <p align="justify">Useful links for this episode:</p> <p align="justify"><a href='https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2019&start=1973'>https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2019&start=1973</a></p> <p align="justify"><a href='https://www.worldbank.org/en/research/publication/global-productivity'>https://www.worldbank.org/en/research/publication/global-productivity</a></p> <p align="justify"> </p>