I hope not!!
WORLD NEEDS AN OVERHAUL AND OVERSIGHT
Here in Germany, not a day seems to go by that one political party (or another) calls the financial and investment system the world has built up-to-date by the name of "Casino Capitalism"-.
The parties of the left, center, and even the right seem to agree in this.
"The world system is fairly broken"-, they say, and it will take a globally managed program to reform and rebuild the lack of trust destroyed in this decade. The international community needs the management and oversight at a global level--to a degree that it has never known before.
Among the internationally well-coordinated policies needed are (1) those that are pro-poor and (2) those that eliminate subsidies to Green House Gas producers.
The poor need to participate more democratically to balance out the development in the system which has swung only into the mismanaging arms of the wealthy and their wealthy financiers.
http://www.just-international.org/article.cfm?newsid=20002832
One of the G8 summiteers reported this past week, "Indeed, continuing to pour trillions of dollars into carbon-based infrastructure and fossil-fuel subsidies would be like investing in sub-prime real estate all over again."-
http://g8live.org/2009/02/20/global-economy-let-the-new-mantra-be-growing-green/
Chancellor Angela Merkel of Germany has warned that a united global policy of stimuli is needed to stop the economies globally falling into the protectionist beggar-thy-neighbor policies that brought out the great worldwide depression of the 1930s.
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