solarpunkwobbly:

this is why they’ve built the weird hell that is the lifeblood of silicon valley - the market bubble of harvested internet advertising data, which isn’t based on any sort of material production and as such threatens to burst with a disastrous economic collapse

The beginnings of another financial crisis are already in motion - and it will be worse than the global meltdown of 2008.

That’s the opinion of one of the select band of economists who predicted the 2008 economic collapse, which started with the bankruptcy of Lehman Brothers bank a decade ago and ended up affecting every country in the world.

Ann Pettifor predicted that crisis in 2006, more than two years before it actually struck.

Now she thinks the global economy is in danger once more thanks to huge corporate debt, and the prospect of rising interest rates in the United States.