Sunday 11 December 2016

Face up to source of debt tsunami

Published 02/12/2010 | 05:00

For centuries, sailors blamed the seas for the tsunami waves that engulfed them. The banks and credit chaos form the waves that are submerging us, but they are only the response to the earthquake of technological change that has rendered the economic dogma of market supply and full employment no longer fit for purpose.

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Unless we acknowledge the source of our economic tsunami, we have little hope of ever reaching the high ground.

Padraic Neary
Tubbercurry, Co Sligo

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