The Ghost of the Defunct Economist - by Alan Singer
What if the problems are deeper than they are being portrayed? What if rather than being the result of poor leadership and greed, they reflect a fundamental structural problem in the capitalist economic system on the magnitude of 1929? What if the solutions being debated such as bailouts for financial concerns and industrial giants, credit for consumers and small businesses, and insurance for small investors and homeowners, will at best postpone the fallout from the crisis? What if the problem is not that consumers are not buying at Wal-Mart, but Wal-Mart itself?
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