Thursday, October 6, 2011

October 6, 2011

Failure of State Socialist, Established Rival Capitalisms, and the increasingly serious economic crisis of global multinational conglomerates have crated the wild non-productive speculative international investments. Failed national economies has followed this with the growth of unemployment, underemployment, day labor, and expanding of the informal economy. Even worse we have seen the escalation of the global debt crisis, the fading public sector and the abandonment of any vision by national leaders. This has led to increasing criminal activities, homelessness, squatter communities, and warlord gangs replacing established government.  None of this can be understood using formal economic models.

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