@ALB – I mean the system
July 2026 › Forums › General discussion › 100% reserve banking › @ALB – I mean the system
@ALB – I mean the system collapses when we go from boom to bust, and central banks resort to schemes like quantitive easing to keep the show on the road. The greatest economic crisis in the UK, USA and Europe since the 1930s is somewhat of a collapse, with 30% unemployment in some places and huge cuts in public spending, not to mention public and private debts totalling more than 5 times UK GDP. However it is business as usual for the large corporations and banks. I don't think your socialist utopia is going to arrive anytime soon either because of these powerful vested interests, although I agree with you that we desperately need a better way of organising the economy and society. I have a friend who votes Conservative, and one who votes Labour. I tell both of them that there is little difference between between the main political parties, but like so many people they are scared of the "other lot", so don't intend to change.
