The Western model, based on capitalism and democracy, no longer manages to defend the general interest or guarantee popular sovereignty. By accumulating these two failures, it brings together the two ingredients of a generalized revolution.
Tag: Economic crisis
When capitalism screeches to a halt and starts its old business of killing off the adventurous but weakened, the enterprising but foolish, those who initially benefited, shed tears. Losses mount, accountants tally up current and future losses. Huge profits somehow do not matter now, as the diminishing balances bite and […]
We are beginning to see the warnings of the end of a capitalist economy that has led to massive global debts among countries and individuals due to a skewed system of inequality or rather a system of equality that favors the greedy and powerful group(s) who aspire total global control through their ownership of media, wealth, fear and misinformation.
In the current scenario, the severe economic disruption across the globe as a result of declining GDP growth, rising interest rates, soaring debt and the lack of healthy competition clearly indicates the future economic shock. In my opinion, the 2008 global financial meltdown was just a calm before the storm because the real economic crisis of our age is approaching at faster pace.