DU POLL: Will Capitalism as we see it today eventually fail?

[frostfern]

54. Here's the thing...

Any solution to truly stabilize the world economy is going to have to be a global effort. What really brought the world out of the last Great Depression was the Marshall Plan, where the US spent a lot it's own resources rebuilding Japan and Germany. That was back when the US had a trade surplus a positive symbiotic relation with other parts of the world. Now the US has a parasitic economic relationship with the rest of the world. The US consumes what the rest of the world produces and the surplus profit is all funneled to Wall Street to finance debt and speculation. It bit back hard in 2007-2008 but the underlying problem is still not fixed. The Euro is teetering on the edge, and all the austerity induced depression in southern Europe is holding the world economy down. The outlook isn't good because the Euro is pretty much doomed. Also, our trade balance is still way out of whack because Asia is not growing the way it was. I think being a "currency of last resort" the US dollar is still way overvalued relative to other currencies. This is keeping energy prices in check but screws the US on exports.