Global Views of Economic Opportunity and Inequality | Pew Research Center’s Global Attitudes Project

English: Banks Furious As Shares Tumble, Eveni...

English: Banks Furious As Shares Tumble, Evening Standard, London, UK, 7 October 2008 (Photo credit: Wikipedia)

This is an outstanding article with excellent graphics from Pew Research. It’s a must-read. Check it out!

via Global Views of Economic Opportunity and Inequality | Pew Research Center’s Global Attitudes Project.

Since the 2008 financial crisis, with many governments fixated by excessive austerity, capitalism has been under attack – the wealthy & privileged have gone from strength to strength, yet the working and middle classes have stagnated or suffered under savage austerity. Yet the evidence is that in most parts of the World, capitalism is still the best game in town. There are exceptions of course, like Argentina – but the exceptions tend to have had their own political, economic and social challenges.

Thoughts?

Athens must stand firm against the eurozone’s failed policies – Wolfgang Manchau – FT.com

This is a very powerful article from Wolfgang Manchau in the FT. It’s a must-read. Check it out!

Athens must stand firm against the eurozone’s failed policies – FT.com.

The author concludes that Greece must stand firm. He suggests that the best option would be for the ‘whole Eurozone to abandon the failed policies of the last five years’. The second best option, ‘for Greece at least, would be a semi-exit with a parallel currency and a default on official creditors’. There is some interesting discussion of the parallel currency,  and how this might operate.

So are we really looking at Germany being forced to take major loan write-downs and eat humble pie?

Thoughts?