Mark 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!
August 2nd, 2014
Will Capitalism Survive: Mark Carney’s Warning
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Blog, by CGP.