Showing posts with label mark carney. Show all posts
Showing posts with label mark carney. Show all posts

Monday, June 2, 2014

Mark Carney Speaks On The Consequences Of Unbridled Capitalism

Mark Carney said the following to a group of the world's elites last week:

"Just like any revolution eats its children," Carney told the audience of global power brokers, "unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself."

"All ideologies are prone to extremes. Capitalism loses its sense of moderation when the belief in the power of the market enters the realm of faith."


It's rather gratifying to think of certain groups and individuals with their knickers in a twist, isn't it?