Wednesday, November 5, 2008

John Robb's musings on solutions to the world financial crisis

The question now becomes, what will these "solutions" that mitigate the effects of the "coming" Depression look like? The natural reflex is to assume that our nation-states will formulate a response. However, that doesn't appear to be a well founded assumption since this global problem is MUCH bigger, faster and more complex than they can handle. Further, nation-states have been in decline for nearly 35 years as they gradually ceded elements of sovereignty to a now dominant global marketplace (which was built to help America's ideological solution triumph over Communism during the Cold War).

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