Crisis Populism and Rose-Colored Glasses (tags)
When it concerns socializing the losses of the financial disaster, the head of Deutsche Bank no longer believes in the "self-healing power of the market." The bankruptcy of neoliberalism is blatant.
The New World Currency Crisis (tags)
The US lost its absolute superiority as an industrial- and export-state..The US balance of payments deficit has nearly doubled since the 1980s..A hard landing of the dollar becomes more likely the longer the Asian exchange rate correction is delayed.
In payback time in the culture of fear, important trade, budget and cable access bills are passed in the dead of night. The dominant elite consciusness is frozen, refuses alternatives and stylizes bankruptcy as normal business practice.
Instead of overcapacities and selling houses to each other, America is called to radical economic change and sustainability. The economy should servie humanity. Progress and work should be redefined for the post-fossil age.