These blind leaders attempted to ignore history and the great theories of Marx, Ricardo, Keynes, Strange, and others.
http://www.eurotopics.net/en/magazin/magazin_aktuell/finanzkrise-2008/debatte-literatur-01-2009/
WILL AMERICA finally throw in its LOT with OTHERS & DO BETTER?
There is already a lot of talk concerning what kind of new financial & international development system of finances and investments (by individuals, investor groups, and states) should look like.
Click on this link to find out what just some on the New Left think:
http://www.newleftreview.org/?view=2739
This newly-developing regime assumes that neo-liberalism--as has existed over the past 60 years --has now seen its day in the sun and a new order is essential.
Stronger than at any time since Bretton Woods, there is a growing call that there will be for the long-term a growing role for the states and state-groups (such as the European Union) in the newly-forming-financial-economic regime is certainly
This call for a shift in how "the system"- is built up and run is "propelled by a wholesale loss of confidence in the Anglo-American model of transactions-oriented capitalism and the neoliberal economics that legitimized it (and by the U.S.'s loss of moral authority, now at rock bottom in much of the world). Governmental responses to the crisis further suggest that we have entered the second leg of Polanyi's "-double movement," the recurrent pattern in capitalism whereby (to oversimplify) a regime of free markets and increasing commodification generates such suffering and displacement as to prompt attempts to impose closer regulation of markets and de-commodification (hence "-embedded liberalism')."-
This ongoing transformation is already even being measured by some economists in terms of transaction costs.
http://www.allacademic.com/meta/p_mla_apa_research_citation/1/8/1/4/1/p181413_index.html
If only a system of actually counting-of-costs had actually been in place or been properly developed and in-use by the majority of nations over the past few decades, this so-called ( & mindless) free market capitalism would not have been allowed to get out of control under bad financial leadership and bad development principles.
Anyone with a basic understanding of political-economic history was able to predict what an absolute loser the 1960's to 2008 model was for all on planet earth within a few short years.
But these same error-filled leadership brains had already bought out American media firms and ran the wars our countries fight.
http://www.rollingstone.com/politics/story/8798997/the_man_who_sold_the_war
CRISIS might be GOOD--or are we going to continue to Play Lotto?The currently powerless majorities of each nation state need to stand up and stop the casino.
