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Re: Disappointed and Depressed Yet?
I am starting to come to the conclusion that there is no systematic way to restore the system as it currently stands.
Spot said that global capitalism died in 2007.
I think he is right.
The countries that will come out of this are the ones that abandon the neoliberal orthodoxies of the last 30 years as they are as dead as Marxism. My solution at this stage would be this.
Nationalize all banks, control the money supply, have a global baseline currency against which all are measured (perhaps even going back to the gold standard). Prepare your nation for the concept of subsistence living for a while, because that's where we seem to be headed. Start directly controlling the money and credit supply to small business and mortgage holders.
Develop a new system that provides for sustainable economics with zero growth in consumption and static inflation levels, you get your gain and wealth from learning to do more with less, because we will have less of everything in future, and most importantly do everything to maintain the political and social cohesiveness of your society because your going to need it for the coning years. The countries that don't do this, may face collapse and revolution. If you think I am kidding, I assure you I am not.
Our Capitalist system has collpased, its now inescapable, we need to simply survive the collapse, and then come up with something new, quickly, forget the banks as private enterprises, either let them go to the wall commercially and set up state banks, or nationalize them and do the same thing essentially, they are all finished.
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"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
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