US governments financial and military interventions
We have over the past few months seen some of the biggest names in corporate history biting the dust – lack of government oversight is given as one of the major reasons for the crumbling of the giants in US corporate history. Well that could be one of the reasons for sure – but was that not the beauty of it all – US democracy at its best – which meant that the businesses should run themselves and the business of government was governance! The problem with this was that the government adopted a blinkered approach to the financial sector which created more and more complex financial instruments with absolutely zero underlying to create a bubble which burst and whose aftermath is being felt by the real economy. During the growth phase of the bubble everything was hunky dory, but now the manufacturing sector is feeling the pressure. With the rupture of the financial sector there is no credit on offer to the manufacturing sector, thus the manufacturing sector is feeling the heat – who would...