Keynes was Right | Krugman-NYT

[chervilant]

10. Ah, yes,

the ol' 'spend money to make money' routine... Would that our global economic woes could be so simple!

The obscenely wealthy corporate megalomaniacs are scurrying around like cockroaches in the dawning light because their wealth is an illusion. Their hedonism has resulted in the massive Black Hole that the brave and erudite Brooksley Born called the Dark Market. With a current notional value of $680 TRILLION, the 'worth' of these worthless financial instruments exceeds the combined GNPs of EVERY NATION ON THIS PLANET by a factor of ten!

The entire system IS broken! Our global economy IS undergoing catastrophic change. I find it disheartening that the 'leaders' and 'economists' continue to discuss this issue as though there is a 'solution' just around the corner.

We are witnessing a global cultural crisis, and some folks are just not ready to acknowledge that.

Time for change. I am ever more hopeful, now that #Occupy is spreading across the globe.