But we can also take the radical view that the test of an economy has to do with the extent to which it is providing everybody with a decent means of living.
The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.
Europeans say they are proud of their social fabric, of strong rights for workers and the weak in society.
Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.
We should be moving toward local currencies not global or European currencies.
Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which lose connection with reality in the markets, shops and communities of the people.
There is a huge shift taking place in the global awareness in the last 5 years with strong views about globalization and the power structures of major corporations.
More and more surveys in the US are indicating a change in values taking place among consumers, who become more concerned about quality of life, food, health and the environment.
If I would need to make a prediction I still believe Kaplan's scenario is very plausible.
There is no visible sign that the current politicians in the US are willing to see the need for change.
There are actually very few US politicians who have integrity and vision.
It will take some time before a politician will capture the imagination of the American people and have the vision and understanding to do what is necessary for a better future for the people of America and the world.
