Opinion (M. Hazin, an economist, from km.ru): “The mask of ‘civility’ is slipping down from capitalism before our eyes. For the last 30 years, the amount of money in the economy grew quicker than the economy itself, and a ‘bubble’ of the financial economy was inflated over the real sector of economy.
“The crisis ‘blew off’ some of the financial ‘bubbles.’ However, the enormous emission by the Federal Reserve System (FRS) saved the situation. Yet, the basis of the financial ‘bubble,’ the real economy, began to slow down. And since the real profit in economy is based only on the final household and state demand, a question arose: What should be done next?
“The households are reducing their demand, and the states are temporally increased it. But they cannot continue doing it any longer. The alternative is a sharp drop in GDP.
“There is an enormous amount of money in the world, and it is being invested somewhere all the time by its owners, which creates an illusion of local growth. But the objective flow of the economic processes cannot be stopped.
“A large-scale fall of the speculative markets is simply inconceivable for the western countries. The alternative is the following: If there are no mutual liquidity sources, it is necessary to take them from someone.
“Conclusion: Therefore, this coming fall of 2011, the U.S. most likely will stimulate a financial crisis in Europe, with the objective of transferring liquidity to their markets, according to the principle of ‘you will die today so I could die tomorrow.’ Capitalism is starting to follow namely this prison camp principle, and its mask of ‘civility’ is slipping down before our eyes.”
My Comment: In our neck of the woods, they are instigating revolutions, anarchy, and wars. And all of it is done only to escape bankruptcy. In accordance with the globality of the world and universal interconnection, it will all backfire at them with a hard knockout blow. In the interconnected world, only reciprocity with others guarantees the future of the state. Is suffering really the only way for this world to learn new integrated relationships of mutual guarantee?