Capitalists Never Learn: Central Banks Make Same Disastrous Policy Decisions As In 2008
The Central Banks of the world have accumulated $20 trillion in bad debts from bankers, corporations and private investors. They’d like to get rid of those debts and they’d also like to start raising interest rates. This article discusses the stupidity of those directions and how capitalists have learned nothing from the 2008 crisis.
About The Author
Bruce
Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his four books: From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning Power in Eden: The Emergence of Gender Hierarchies in the Ancient World Co-Authored with Christopher Chase-Dunn Social Change: Globalization from the Stone Age to the Present and Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia WA.