America, considered a land of opportunity based on the principles of capitalism and a free market economy has seen huge and persistent profits which are largely sustainable because of a lack of healthy competition. Many firms are acting as monopolies or oligopolies with a tenth of the economy controlled by a handful of firms from dog food and batteries to airlines, credit cards and telecoms.Read More›
World economy: Out of ammo
There is a fear that a recession is coming and that central banks do not have the weapons to resist it. If governments and central bankers work together they will not be short of ammunition. The question is whether politicians have the stomach to use it.