World Economic Forum Insider Predicts Big Fall for Finance Capital Coming

It is one thing when Marxists predict that the crises in capitalism will lead to a crash because, honestly, like Chicken Little, we are always saying the sky is falling. However, this insider when interviewed at the World Economic Forum, was once the chief economist for the Bank for International Settlements (BIS), hardly a communist organization! He is one of the few economists who predicted between 2005 and 2007 that finance capital was in big trouble. Notice the pathetic euphemisms like “mischief” and “spending forward into the future” to mask what is really going on.

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About Barbara MacLean

Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.

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