TomWinnifrith
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Tom Winniofrith

1681 days ago

Tom Winnifrith Bearcast: the folly of debt, Thomas Cook, Sirius, my local boozer & taxpayers cash

Capitalism has got itself into a mess by becoming addicted to debt. The answer is not more debt. That is lesson one of Thomas Cook (TCG). Those who blame the Government for not bailing it out, or Sirius (SXX) or my local boozer misunderstand how capitalism works. Folks have to lose money and jobs must be lost for all of us to prosper.

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