From JOHN ROBB
Our economic and political system is in collapse and there’s no way to fix it from inside the system.
It’s a systemic crisis. The systems we rely upon aren’t viable.
They haven’t been for a long time. Every year we are worse off than the year before.
A political fix, switch, or reform isn’t going to do the job.
That’s the bad news.
The good news is that we didn’t see a wholesale collapse in 2008. When people lost faith in the financial sector. What prevented it? At first, it was the US government’s ongoing bailout of the financial sector’s gambling debts.
Since then, it has been the ability of the US government to spend enough to keep 41% of the economy afloat.
As long as the US government continues to borrow at those levels, we’ll avoid a sudden economic collapse like Greece and Spain.
However, this spending won’t fix the system. Far from it. We’ll still be in a slow and steady collapse.
Why do I think this is good news? Two reasons.
Firstly, many people are finally waking up to the fact that the old system isn’t viable anymore, and we need to create a new one. A system that actually