Lecture 12 The End of Cap 2013

Debt cannot now be avoided since students are trapped

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Unformatted text preview: 1 11/30/13 4. Radical: democra-c corporate capitalism will or should end soon. •  1. Capitalism is being overwhelmed by debt and is caught in a debt trap. Debt cannot now be avoided since students are trapped in debt at the start of their careers. •  2. Global trade imbalances will cause a worldwide depression and collapse of trade. •  3. Governments will over ­regulate and interfere in free markets un-l they collapse. •  4. We are running out of key natural resources, especially cheap oil. •  5. We are going to have shortages of food, water and other essen-als. 4. Radical: democra-c corporate capitalism will or should end soon. •  6. All empires collapse eventually when the cost of maintaining them exceeds their income. The American empire is star-ng on this process. •  7. The social costs (externali-es) of economic growth now exceed the benefits. •  8. Prolonged low (or nega-ve) interest rates will dissipa...
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This note was uploaded on 01/13/2014 for the course ADMN 3400 taught by Professor Johnbishop during the Fall '13 term at Trent University.

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