The News Agents What went wrong with capitalism?
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Jan 10, 2025 Explore the pressing challenges of the UK's economy, from rising borrowing costs to the impacts of external influences. Delve into the phenomenon of 'zombie companies' that hinder innovation and growth, revealing the faults in systemic support structures. Discuss the evolution of government intervention in capitalism and how historical shifts have shaped today's economic landscape. Insights on successful regulatory reforms in other countries highlight potential solutions to slow growth and high housing costs, questioning the fairness of current fiscal policies.
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Stagnant British Economy
- The British economy is stagnating, hindering growth and prosperity.
- Government borrowing costs are rising, causing market skittishness.
UK's Economic Vulnerability
- The UK's economic instability is influenced by US market trends and high borrowing.
- Dependence on foreign investment and a large external deficit increase the UK's vulnerability.
Bond Markets as Financial Police
- The bond market's influence on government actions resembles the 1970s.
- High national debt and market skittishness create challenges for long-term repayment ability.
