Economic Model...

The business model that has dominated the British and American economies since the 1960s, and been propagated worldwide, crashed because it is inherently unstable. It works in only one direction, to take value away from the real economy and give it to stockholders and bankers. It’s an asset-stripping system that benefits company managers and directors, bankers, stock traders and financiers. To workers and their families, who in the past believed that they had a stake in the business economy, and to the communities suffering de-industrialization, it said, “Too bad, but you’ll be better off in the long term—if you are still around.”