There's not much point in basing an analysis of what's wrong with the world's economy on the economic (pseudo-?)principles that got us into this mess.
It would also be good to note that the US is pretty much just as insolvent as Europe. Individual states are going bankrupt, but no one seems to care, at least as long as there's something else to talk about.
The real problem is too much greed & corruption. That sounds simplistic and vague, but that's what it all boils down to.
It would also be good to note that the US is pretty much just as insolvent as Europe. Individual states are going bankrupt, but no one seems to care, at least as long as there's something else to talk about.
The real problem is too much greed & corruption. That sounds simplistic and vague, but that's what it all boils down to.