You don’t suppose the deep cuts in government spending have anything to do with this, do you?
The International Monetary Fund’s chief economist has warned that the global economy will take a decade to recover from the financial crisis as the latest snapshot of the UK economy suggested that growth in the third quarter will be at best anaemic.
What do you suppose that the worlds richest plutocrats and politicians go to their economic summits in Devos, Switzerland to talk about? Which countries to put into recession? How much to cut government spending to cause a recession? How high the Capitalists will allow unemployment to rise by not creating jobs? How long the recession will last? Which countries will recover from the recession first? How much economic pain can be inflicted on the 99% before they riot in the streets? “Nothing important in government happens by accident.”
Interesting question about Davos.
I wonder how much of their significant communication goes on in “open” session, how much in committees and organized sub-groups (if they have them), and how much in small private groups of the heaviest hitters.
“How much economic pain can be inflicted on the 99% before they riot in the streets?” Also, how much physical pain can be inflicted on the 99% when they demonstrate peacefully and legally in the streets?