User 268734

What Went Wrong in 2008?

Yes indeed, root causes always need to be addressed. Trouble is that the underlying root cause of many of today's problems is a broken economic model based on overindebtedness, overconsumption, and the subordination of genuine wealth creation to financial smoke and mirrors. Unfortunately, there is no Plan B - so nobody is addressing the root cause. Instead, one easy, expensive, and ultimately futile 'fix' after another is being rolled out in pursuit of a Hollywood ending - a quick and painless solution that in the real world does not exist. The only open questions are how gullible the public in general and investors in particular are going to be, and how much the bail-outs and market manipulations will delay a soundly based recovery.