Month: December 2013
The true crisis of Capitalism
WARNING: What you’re about to see is controversial, and may be alarming to some audiences. Viewer discretion is advised.
Sources:
£10 trillion in public funds – MoneyWeek calculations based on historical welfare spend
UK Total Debt as a percentage of GDP – Debt and deleveraging: Uneven progress on the path to growth, McKinsey Global Institute, 2 January 2012
500,000 pensioners in 1909 – BBC article: The state pension turns 100, 31 July 2008 Average life expectancy – World Bank data, 31 October 2012
An estimated £5 trillion government debt – IEA article: True level of UK government debt exceeds £5 trillion, 12 November 2012
£120 billion net borrowing – Office for National Statistics: Public Sector Finances August 2012, 21 September 2012
MP Douglas Carswell quote – The End of Politics and The Birth of iDemocracy
James Callaghan quote – British Political Speech, Blackpool 1976, 28 September 1976
America, Japanese and Weimar Republic total debt – Global Financial Data, Bridgewater’s An In-Depth Look at Deleveragings report, February 2012
Salaries and pensions slashed up to 40% – The Guardian: Greece is ripe for radical change, 8 November 2012
Euro zone discussed capital controls – Reuters, 12 June 2012
For the calculations of UK debt, and more information about the charts, click here.
Images provided by:
MoneyWeek, Shutterstock, Bottled Video, Beachfront Productions, Prelinger Archives, XStockVideo, Getty, Bloomberg, Thinkstock, Google Maps, Investment Compass.