Re: Financial clusterfuck in Europe
All this is in my view, is the world finding an economic balance. Is the economic mosaic pieces of the world coming together. Let's talk about the last century, you have the US coming down as a world sole super power, almost in an unbalanced way, based on mostly to the right policies, free market, little regulation etc. that worked well because the US was ahead of the curve having a diverse society, being a free, secular and stable economy, but now, as a lot of the world have been getting its act together for example, the BRICS and a lot of Asia, many South American countries, is just becoming harder and harder for the US to keep this unregulated wild capitalistic free for all mindset. The world is becoming more and more heterogeneous and competitive.
What a worker can do in the US for a great wage 20 years ago, so it can be done now in Brazil, India, Korea, Argentina etc. Combine that with George W. Bush waging costly and prolonged wars, so has the US is come down a as the sole super power that it was to becoming a powerful player noways. Still the biggest, but one of them. Important distinction.
Europe on the other hand, its economic halt has come from the opposite approach of the US, because of its to the left, heavy socialist policies that are unsustainable in some countries that have no business spending as much as to try and have a heterogeneous social condition across Europe. For example, the Government of Greece to try and be on the same social level playing field as Germany, it just doesn't add up. So we have this situation of unbalance, debt. etc. that will need to be balance it out.
Meanwhile, as I mentioned several other countries have got their act together around the world. The country that I can speak better about, Brazil. It is a young country relatively speaking and always had amazing potential. Brazil is as diverse as the US, colonized by Europeans from Portuguese, Italians to Germans, Spaniards. To Japanese (largest Japanese population outside of Japan) to Africans, Native Indians etc. combined with having been a stable democracy for now over 20 years, so it is starting to bloom economically, although there is much work to be done. Being a country of around 190 Million people, diverse and Heterogeneous with vast natural resources, its just starting to fill its potential and so it is happening with India, China, other S. America countries like Colombia and Peru. South Africa etc. The rest of Africa is still to come in a big way.
This all the world finding a balance, the countries that were far ahead are slowing down, as others are catching up, as it were. I know it must suck for a European nowdays in some senses, but you have to see the bigger picture, I really doubt Europe or the US will regress economically and culturally significantly, but it will need to balance it out with other players across the world. I believe, let say in 50 years time, the economic landscape of the world will be much more balanced and heterogeneous than it was in the 1990 for example, at the height of US and Europe economical powers and that is a pretty good thing, is it not.