How free-market fundamentalism brought the world to its knees
Photo: Eddie Keogh / REUTERS
In 2007 big financial corporations posted record profits – more than $70 billion in Britain alone – along with record complaints about bad service.1
By the end of January 2009 huge losses accompanied a public ‘bail-out’ of bankrupt private banks that had reached, by some estimates, a staggering $15 trillion ($15,000 billion) worldwide – and was still growing.2
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