Saturday, January 24, 2009 – 16:11
Scenario: It is 2015, the world is recovering from one of the last great recession but Europe and the USA are not doing so well. So many people were laid off in those years and countries led by China and Asia but including African and South American countries picked up the slack and now lead the world economy. Large European and American multi-nationals, many of which have been run and owned by foreign management and finance for many years, took advantage of the down turn to shift operation to ‘cheaper’ regions. The banks, the ones that were the main cause of the financial crisis, now de-nationalised by returning only a percentage of the billions of tax payers’ money, are under pressure to return to the pre-recession profitability, are pressurizing the now the millions of now unemployed tax payers to make good on their mortgages and loans. Read the rest of this entry »
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