ML-Implode News - Satyajit Das, author and polymath, serves another banquet of financial warnings

... the crucial thing here is what the politicians and policy makers don't understand is that they're destroying the middle classes, [which is] very dangerous. You're destroying them in terms of their jobs, their dreams, housing and retirement, and in terms of a better future for their children.
"Whether [the change will be] violent or not I don't know, but there will be change. What I'm trying to do is to make sure [people] debate it at least at some level that's rational, rather than have the demagogic people spring up everywhere. [The left-wing ruling] Syriza [party in Greece] is one example, Podemos [another populist left-wing party] in Spain is another."
...
"What I'm seeing now in Australia is the same that I see in many Western democracies. Powerful lobby groups form and then they basically push their own agendas and, because they countervail each other, the whole system basically gets completely and totally stagnant and nothing happens."

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Satyajit Das, author and polymath, serves another banquet of financial warnings