Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I agree with your diagnosis.  However, it's not actually necessary to address the cause to solve the current problem.  To illustrate with another example, the cause of the disastrous invasion of Iraq was that George Bush happened to be president.  But now that he is no longer president does not mean the problem is solved. Only eventual withdrawal of forces and a stable Iraqi political environment will solve the problems that resulted from the invasion.  Same goes for the worldwide recession today.  Banks may have caused the problem, but that's water under the bridge at this point because banks are not the ones precluding a solution to the problem -- individuals too fearful to spend are.
by santiago on Thu Jan 22nd, 2009 at 02:34:16 PM EST
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