Sat Aug 20th, 2011 at 11:58:25 AM EST
OK. We are discussing for ages this horrific economic situation all over the world. We now know so much about what went wrong. What in your expert or humble opinion needs to be done and what consequences it will have in short and long term? Where is the hope?Please give us some answers...
Is it fixable at all even with good will (that we don't see right now)?
How long it would take?
If nothing reasonable is going to be done where we are heading, for how long and with what consequences for states, world and as well for (most) individuals?And how it will end eventually?
Is globalization and super free market here to stay and is it even possible to reverse it?Or is anything new on the horizon?
What would happen with economy if in some totally fictional scenario governments decide to tax super rich greatly?
What will happen with economy when at some point middle class become small and weak to hold this crazy concept of economy based on buying, borrowing, buying and borrowing?
What is your best and worse scenario?
I would like to hear about your ideas for solving this mess...I am clueless...