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Middle class families face a triple whammy

You don’t usually expect radical neo-Marxism from the International Monetary Fund – the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches of the world. And yet, hidden away in an obscure IMF report a few years back is a short sentence that explains precisely the problems that [...]

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Capitalism’s dirty little secret: excessive lending was the only way to maintain the living standards of the vast bulk of the population at a time when wealth was being concentrated in the hands of an elite.

Just why is there so much debt in the Anglo-Saxon world? Bankers and regulators know well that it is in nobody’s long-term interests to have allowed borrowing to escalate to a position where the US now owes far more, as a multiple of the economy, than at the start of the Great Depression.
The answer is [...]

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Ahmadinejad stresses need for a new world order

Iran’s President Mahmoud Ahmadinejad calls for the creation of a new world order in dealing with the many challenges arising in the international political arena.
"What we need now is a dramatic change in world political thought," said President Ahmadinejad in a Tuesday address to the Shanghai Cooperation Organization (SCO) in Moscow.
"Western-style capitalism is [...]

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Ahmadinejad stresses need for a new world order

Iran’s President Mahmoud Ahmadinejad calls for the creation of a new world order in dealing with the many challenges arising in the international political arena.
"What we need now is a dramatic change in world political thought," said President Ahmadinejad in a Tuesday address to the Shanghai Cooperation Organization (SCO) in Moscow.
"Western-style capitalism is [...]

[...]

Ahmadinejad stresses need for a new world order

Iran’s President Mahmoud Ahmadinejad calls for the creation of a new world order in dealing with the many challenges arising in the international political arena.
"What we need now is a dramatic change in world political thought," said President Ahmadinejad in a Tuesday address to the Shanghai Cooperation Organization (SCO) in Moscow.
"Western-style capitalism is [...]

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