In the News (from RIA Novosti): “The experts of the Innovation in Economic Education Center are trying to understand the causes and consequences of the modern global financial crisis. According to the participants of the project, the development of the crisis will be determined by the destruction of the old economic structures and the emergence of the new ones.
“As a result, the current financial, economic, and political institutions will either be restructured in accordance with the requirements of the growth of new industrial and technological systems or cease to exist. The crisis will have a different impact on different countries, depending on the combination of the state of scientific and technological capacity and effectiveness of economic policy. It can be disastrous for some countries and regions and manageable for others.”
My Comment: Undoubtedly, all state and social institutions will change in the near future: Either they will break down or we will cleverly change them into global ones and make them unite us.