Two Solutions to the On-going Global Economic Crisis
The dead-end of neoliberalism is simply that outsourcing production to low-wage areas of the world has lowered salaries in the main consuming countries – the US, Europe and Japan – to the point where people can't buy what is being produced.
There is tons of cash floating around – $2 trillion in banks; $2 trillion in mega corporations, at least as that much in off-shore tax havens – but the money is not being invested and is not producing jobs for the billions of unemployed. Too much cash; too many people; too much excess productive capacity. And “they” don't know what to do!! A good global war would solve many of these problems.
But, if we ask anyone who is not fabulously wealthy and who has thought seriously about these problems there is a solution. Some call it “The Workers' Economy,” others call it “Economic Democracy,” others call it the social and solidarity economy, some even still call it socialism. We know what the problems are – global warming etc. – and we have the solutions. But they are not implemented by the global elites who run the world because their job is to manage the crises, not solve them.
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