Italy may require a bailout, Berlusconi

[AtW]

I think free market capitalism itself is now in danger

Free market is an academic concept that has no implementation in real world - you can't threaten something that does not exist.

HTH

[Mich the Tester]

Free market is an academic concept that has no implementation in real world - you can't threaten something that does not exist.

HTH

In pedantic terms, you're right, but what I mean is that the current system of financial markets and basically free trade won't survive at this rate. There is a real risk of people demanding control economies and the accompanying authoritarian governments.

[AtW]

the current system of financial markets won't survive.

Yes I agree - current system is self destructive: like take those super fast trades, lots of clever programmers compete on who can make trade nano second faster than the other, special chips being developed, expensive databases etc it's complete dead end and we are approaching it fast - stock exchange should be for investments (even if they are speculative) but not for nano-second super fast trades, ffs - there should be high per transaction fees and compulsory delays - if you buy some shares then you keep them for X months or you forfeit it. If you don't like it don't fooking buy into that company.

[scooterscot]

Those bond holders driving up interest rates shoot shooting.

Every time I hear of those so called expert traders I thing of a flock of sheep running from pillar to post at the slightest upset causing mayhem where they go.

Seamus the EU sheepdog, where are you?