The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.

If you look internationally over the last 50 years there have been improvements in the third world, but in the last 20 years the reverse has happened, with debt crises and increased poverty.

The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.

So, there is enormous instability in the global economy with a shift of winners and losers.

An economic system can remain viable only so long as society has mechanisms to counter abuses of either state or market power and the erosion of the natural, social, and moral capital that such abuses commonly exacerbate.

Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.

There is a huge shift taking place in the global awareness in the last 5 years with strong views about globalization and the power structures of major corporations.