The assumption that you’ll invest enough of your earnings into a pension scheme and enjoy a decent standard of living when you retire is a faulty one. Today, the retirement prospects for Generation X’ers and Millennials are looking bleak. Andrew Walker looks into what went wrong.
Responses to previous instalments of my “Economic Perspectives” include queries on why unbridled credit expansion by the main central banks in USA, UK, EU and Japan does not appear to be reflected in a commensurate rise in the general price level, affecting all sectors of the economy.
Are we better off today than back in the 1970s? The obvious answer would appear to be yes…but is having a lot more stuff now than back then, is that really what ‘better off’ means?
In this extract from the documentary Four Horsemen, Professor Michael Hudson explains how the German Debt was cancelled in 1947.
Why is the fall-out from a financial industry seemingly so detached from the rest of society?