> “If we don’t invent a new capitalism, absurd economic solutions will win over and sweep us straight into recession,’’ Le Maire said in an interview late last month.
> A key example for him is Italy, where the populist government came to power riding a wave of public anger. It quickly threw out the rulebook on fiscal responsibility, sent bond yields higher and confidence lower, helping to push its economy into a slump.
An example of a failed fiscal policy is a government who gave up on fiscal responsibility. No shit Sherlock.
> “If we want capitalism to hold together work must be better paid,” Le Maire said. “There comes a moment when workers won’t tolerate it any longer.”
If you want better paying work: find a better paying job. If you can't get employed in one, develop/learn marketable skills to do so. If you want freedom from "finding work", create your own value by starting a business.
The system is fine. Sure, the system can have added "benefits", but it's not the system that is broken — it's the people.