How foolish are world economics? 08/24/2015 Our money cannot keep on going up and multiplying. The current financial crisis in China is triggering fears of another world recession, possibly worse than that of 2007. How long will this madness continue? The world economic model is seriously broken. It is built on the illusion of constant growth but worse than that is the holy grail each country pursues – the target of being in trade surplus with exports being greater than imports. This is completely insane. At a time when developed
Our money cannot keep on going up and multiplying. The current financial crisis in China is triggering fears of another world recession, possibly worse than that of 2007. How long will this madness continue? The world economic model is seriously broken. It is built on the illusion of constant growth but worse than that is the holy grail each country pursues – the target of being in trade surplus with exports being greater than imports. This is completely insane. At a time when developed
