Although there are elements of truth in this analysis, I am not overly impressed. One statement in particular was: “From the ashes of the collapse will come the opportunity to build a new economy based on human principles of valuing all life.”
HUMAN principles should not be the foundation. Divine principles should. This is where human beings have always gone off track.
“From the ashes of the collapse will come the opportunity to build a new economy based on human principles of valuing all life.”
From an interview with Robert Reich a few days ago:
After three decades of flat wages during which almost all the gains of growth have gone to the very top, the middle class no longer has the buying power to keep the economy going. It can’t send more spouses into paid work, can’t work more hours, can’t borrow any more. All the coping mechanisms are exhausted. Anyone who thinks China will get us out of this fix and make up for the shortfall in demand is blind to reality. So what’s the answer? Reorganizing the economy to make sure the vast middle class has a larger share of its benefits. Remaking the basic bargain linking pay to per-capita productivity.
Any economy that is “built” will fail. The only economy that will thrive is one that “grows”. Government and government “experts” need to stay entirely out of the economy.