George Friedman on a Crisis of Political Economy
www.stratfor.com
April 12, 2011
STRATFOR CEO George Friedman says the current economic problems in the United States, Europe and elsewhere are the result of systemic failure in two major communities: the financial and political elite.
My comment...
First the financial system and its elite lost credibility, then the political system gridlocked and the political elite lost credibility. Now, in all major countries of the world - U.S., China, E.U. - we have a general systemic problem born of the gross incompetence (and possibly corruption) of the financial and political elites.
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