The next crisis: “business-as-usual” will kill us all

Geschreven door Kees zaterdag, 13 november 2010 15:31

2008 was the year of crisis convergence. Escalating oil price spikes coincided with similar spikes in the prices of staple foods, both driven by a combination of production-supply constraints, rocketing demand, and the ensuing bonanza of commodity trading on futures markets. Then the banks collapsed, prompting massive government bailouts designed to shore-up a crumbling financial system.

(lees stuk verder hier).