Cameron: Another financial crash coming?

On Monday, David Cameron wrote in the Guardian:

“Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy.

As I met world leaders at the G20 in Brisbane, the problems were plain to see. The eurozone is teetering on the brink of a possible third recession, with high unemployment, falling growth and the real risk of falling prices too. Emerging markets, which were the driver of growth in the early stages of the recovery, are now slowing down. Despite the progress in Bali, global trade talks have stalled while the epidemic of Ebola, conflict in the Middle East and Russia’s illegal actions in Ukraine are all adding a dangerous backdrop of instability and uncertainty.”

The article is mostly political posturing, but it is really quite frightening. Cameron clearly wants more of the same measures that have been creating the financial instability:

“…it is more important than ever that we send a clear message to the world that Britain is not going to waver on dealing with its debts.”

But it is the debt-fuelled financial bubbles that are creating the instability.

“Our long-term plan is backing business by scrapping red tape, cutting taxes, building world-class skills and supporting exports to emerging markets.”

What about building a society that looks after people and planet?

“I brought together a crucial meeting between President Obama and fellow European leaders to insist on urgent progress on a comprehensive EU-US trade deal that could add £10bn to the UK economy alone.”

He has no doubts about the TTIP! Pursuit of profit rules OK!

Fortunately, other visions are growing too, if still mostly below the radar. New visions of community-led economies, co-operative commons, the solidarity economy, a global family that looks after people and planet.

After the Crash video

After the Crash video

My short video After the crash, from chasing money to choosing community, introduces this vision in 10 minutes and its supporting website points to lots of starting points.

eGaia, 2nd editionFor a fuller description of the vision, see the new second edition of my book, eGaiawith a free eBook version available for download, and two sample chapters, one giving a fictional vision of a sustainable future, and the other suggesting the next big steps for people already involved in building this new vision. It is all about joining up to create the new vision now, within the existing society.

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