COG Webcast

August 2nd, 2014

Will Capitalism Survive: Mark Carney’s Warning

Blog, by CGP.


carney-inclusive capitalismMark Carney, present governor of the Bank of England and chairman of the International Financial Stability Board (as well as a well-respected past governor of the Bank of Canada), strongly warned a conference on “Inclusive Capitalism” at the City of London—which was attended by the elite money managers in charge of one-third of the world’s investable money (about $30 trillion—yes that’s trillion not billion!) that they cannot take the continuation of the capitalist system for granted because the basic social contract has been breaking down!

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