Crisis and neoliberal capitalism
The financial crisis and the real economy:
A speculative “bubble” arose in the housing sector of the U.S.
economy starting around 2002. By the summer of 2007, housing prices
had risen by 70 per cent since 1995 corrected for inflation. Yet
since 2002 the real value of home rents had been flat.
What a waste!
It has been said of people who have no control over their eating
habits that they are digging their grave with their teeth. We
consumers may soon be told, if the warning hasn’t already gone, that
with our current consumption styles and habits we shall soon be
digging the graveyard for the entire world.
The challenge of professionalism
In dealing with the international community
which has revolutionised the whole character of inter-state
relations in recent decades, the diplomat treads an area where
professionalism and training have become so obviously essential.