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RE: United Nations Warns of Potential $25 Trillion Dollar Debt Bubble, World Media Largely Ignores Report
@bringerbd - i thinkg it is a very good article. Definitely deserves upvoting!
Do you think there is any way out of this? I am trying to write posts on similar topics - I am just convinced that there is nothing but 2nd Big Great Depression coming....and there is nothing can be done about it.
thank you for the compliments, as I writer, I greatly appreciate them. Problem is, the ability of policy makers and others to regulate markets has been destroyed. Since the Great Recession, reform has largely been meaningless. Now, the same problems, aka "the great gambling" are spreading through the entire global system. Can the likely coming downturn be prevented? Maybe, with political will, but there is no political will for change.
Please feel to reach out to me if you get an article together. I'd love to provide feedback.
@brnkerbd - that's actually true... can't agree more. No political will!
But you know, i noticed that now situation has started changing.... Brexit, Elections in Hungary, cancellation of Presidential elections in Austria. And now Italy elections coming this year, France and Germany - next year. The parties that coming clearly don't represent the same idea of globalisation and finance ruling that we saw over the last 40 years, don't you think?
@brinkerbd ;) don't know if that will help me get alerts or what.
Definitely, the situation is changing in regards to political will, but as of yet, there are only a few minor attempts to understand the deeper underlying systemic forces and challenges. Globalization is more a symptom, than cause, of the current malaise, but many of the reactionary forces gaining influence in both the United States, and elsewhere, seem to be more reactionary.
For example, as much as we can (rightly) complain about globalization, automation has actually cost more jobs (by most estimates), and none of the reactionary groups currently gaining power seem to have an actual plan for dealing with the changes caused by automation.
All of the current ideologies, paradigms, and intellectual schools of thought are largely antiquated, stemming from a different era facing different conditions. Whether that's Marxism on one end of the spectrum, or market-libertarianism on the other. While these ideologies might provide insight, as they are antiquated, they can't offer the full answer.