this "crisis" we are facing is a crisis by design.
It was designed in a higher level and was implemented by mechanisms designed to do just that.
Did the crisis came out of control? no, of course not.
Is the crisis achieving whatever it was designed for? not yet!
What can we do about it? nothing really, as long as we play within the rules of the current economy. The players are too strong.
But lets take it all step by step, so we can understand it. I will not go deep in this post but I will provide ideas throughout this blog and as long as I can keep posting.
Carl Marx wrote in "Das Kapital" (Volume III, Chapter 15) about crisis and how it is really a part of the capitalist system. Although I don't really agree, I know that the people in charge of the global economy have studied Marx and most of them believe that it is so. A crisis is a time for great profits and also it is a time to "correct" errors that accumulate in the system and it works like a system restart for the economy. While this may be true, the impact of a "system restart" on the lives of the people who live in the economy is huge.
We really don't care if some company in another country closes down and some rich people lose some money on worthless stock, but we care if there is no food available in the stores or if we lose rights we thought that we had granted (schools, public transportation, pensions, healthcare etc)
During my lifetime I see a crisis hitting every decade more or less, and before its impact is through, the next crisis comes. I still remember in the early 70's the dark cities that had to shut down public lights because of the "oil crisis". I remember the hordes of unemployed people in Thatcherite England, Punk music and Hooligans. I remember Wall Street meltdown and "Black Monday". I even remember the local (Greek) stock market breakdown. So, crisis is nothing new.
The new thing about "this" crisis is that it is Global. Why? because the economy is global.
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