Inequality in Irish Society: Who Owns Ireland?
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Transcript of Inequality in Irish Society: Who Owns Ireland?
Over the last quarter of a
century something
fundamental seems to
have changed in the way
in which capitalism works.
The tendency since 1970
has been towards greater
geographical mobility of
capital.
Rather than being a modest
helper to the capital
accumulation process,
[finance] gradually turned into
a driving force.
Speculative finance became a
kind of secondary engine for
growth given the weakness in
the primary engine, productive
investment.
“Part of the reason people get less giddy
about the Dow than they did five years
ago is that they have learnt a bit about
inequality.
what looks like a recovery, a rally or an
increase in consumer confidence may
just be the effect of elites passing money
among themselves.“
Christopher Caldwell, FT 9 March 2013
“Eurostat, the EU Commission’s data agency has calculated the cost of the banking crisis in each EU country. The following focuses on the cost to general government budgets. Ireland has really taken one for Team EU.”
A Really Really Special Case Requires a Really Really Special Solution
Michael Taft, 15 Jan 2013