ABSTRACT
This chapter presents the rising inequalities that are primarily a result of excess credit and celebrity economics, not the way in which the vast bulk of profit-making businesses work. One feature that appears to accompany globalisation of the economy is extreme, and apparently rising, economic inequality. China has just become the world's second largest economy, and looks destined to become its biggest. Brazil and India are enjoying similar economic development to that of China. China is increasingly the dominant external power in Africa, some regions of which have the potential to become rising economic powers. Revulsion against the politics of excessive credit-creation can come from fiscal conservatives and radical 'green' economists, who make similar points. Reviewing the stark evidence of the debt burden, the ageing society and the environmental crunch points that are rapidly approaching, it is possible to become daunted or depressed.
