Category: capitalism

The testament of a disillusioned economist

March 17, 2020 0

  This is my testament. My economic testimony. It’s been 12 years now that I’ve been analysing the crisis. All in all, I’ve been writing about the economy and finance for thirty years. However, it’s from 2007 that I’ve been trying tirelessly, through my books and my articles, to denounce what has come to be…

By Michel Santi

The Gospel according to Saint Money

November 30, 2019 0

  It’s a history condemned to repeat itself forever because, since the dawn of time, the enrichment of some has basically always been to the detriment of others. Inequality has often been described by the upper class as an inevitable side effect, systemic almost, of the prosperity and innovation that is however meant to benefit…

By Michel Santi

Has capitalism become obscene ?

September 20, 2018 0

Wealth and income distribution have become grotesque in our Western nations. Collusion between political and economic powers has now become obvious, and it is of public notoriety that employment is nothing more than an adjustable variable in today’s capitalism. The tacit and consensual agreement on which our prosperity has been built thus far is crumbling…

By Michel Santi

Gresham’s law

October 28, 2017 0

In economics, the bad always drives out the good. This is the main point of the law derived by Gresham, a financial advisor to Elizabeth I during the 16th century. At the time, in England and elsewhere, silver coins were in circulation but were not of equal purity. Consumers and retailers would greedily keep hold…

By Michel Santi