The Anglo-Saxon model of unrestrained free-market capitalism, says the New Statesman, is fatally flawed
Even Alan Greenspan, the high priest of deregulation, has, like Ivan Ilyich in the famous Tolstoy story, had a moment of startling self-revelation that has left him confused about the purposes of his life's work.
He did not know what he thought he knew. What he thought was so is not the case. 'I have found a flaw,' he said in October, following the bank bailouts, 'I have been very distressed by that fact . . . Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity, myself especially, are in a state of shocked disbelief.'
‘Flamin’ cockatoos’ have lost much of their habitat to bushfires. Can the
species survive?
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Two fires in 12 years wiped out all but a handful of the mature native
pines in Victoria’s Wyperfeld national park, a key breeding ground for
endangered ...
6 hours ago
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