economy

[songeuse]

"The latest crises "expose the flaws" and "tarnish the image" of the U.S. economy.

They're missing the point completely. It is not "flaws" that are being exposed - it's the whole consumer economic model and the whole generation of jackass economists who created it. They rejected the insights of classical economics. Instead of encouraging saving and

Comments

[skittles9]

blah economy. I don't know much about it, but I think a change in the Oval Office will definitely help out.

[songeuse]

Hey Eid Mubarak

I don't know... I think the stuff that's happening in these last few months of Bush & Co being in power will have effects beyond our grand-children's generation, if not further down.

[hushdawg]

The bubble has burst again

[songeuse]

Salaam akhi and Ramadan and Eid Mubarak to you!

Thanks for this insight. WHen I was taking all my globalization classes, the number one thing they emphasized for development was opening up to imports and figuring out what to export and all that neo-liberal GARBAGE. Now that the American financial system is finally revealing the debt-rot it has been covering for years, it looks as if other countries around the world will be affected as well. Meanwhile, if things had been more contained and less globally integrated, perhaps a financial crisis would have been only a problem here and not everywhere else.