Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Friday 17 August 2018
Turkey's Currency Crisis Spreads Globally | Al Jazeera English
The crisis in Turkey is spreading to other emerging markets - like India, Argentina and South Africa. On Tuesday, the Indian rupee hit an all-time low against the US dollar. The South African rand and the Argentinian peso have also seen big drops in recent days. Many fear the crisis in Turkey could damage the global financial system. Al Jazeera's Shihab Rattansi reports.
