The rhyme and the reason behind the lingering Great Recession spelled out 13 years beforehand by a billionaire who also correctly predicted the 1987 stock market crash. The housing bubble predicted six years before it burst by a prescient law school professor and Obama Administration financial reform advisor…
Tag: contraction
Rethinking Globalism: Why We Need a Cell-Based Economy
What this worldwide recession proves: Globalism is a fatally flawed model in the present economic and ecologic sense. Protectionism may not be the answer, but nor is leaving one's country ripe for manipulation at the hands of commodities and foreign currency traders, resource shortages and above all too-close-to-the-bone ideas about corporate "efficiency" that make transcontinental supply chains so perilously thin and easy to disrupt. Why we need a cell-based economy. Stat.