Is Britain the Next Greece?

Economist Richard Wolff compares economic forecasting to palm reading, before predicting himself that Britain will be the next victim of the global recession, citing that the average British family currently faces a debt amounting to 170% of its annual income.

The full video is more about capitalism in its current brand, the fascinating thing is that Wolff is neither an Austrian nor a Keynesian, he isn’t freshwater or saltwater, he thinks that both Hoover and FDR didn’t find the right solution, that WW2 was the answer (albeit a terrible one). This is a video that is absolutely worth watching.

The full version is available on Fora (a site well worth bookmarking!)

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