Question: Do you think that the current crisis is economic or financial?
Answer: In general, I think there is a big difference between economists and financiers who only think where to invest the capital in order to profit the most.
Economics studies the interaction between the producers, distributors, and consumers of different economic sectors, the connection between consumers and manufacturers, and describes the supply and demand. Because it’s a reflection of the egoistic connections between us, economics (as a result of its development and understanding of the new integral interaction between all producers and consumers) has to describe the new structure of their mutual relationships.
It has to characterize this new system in the form of a balanced system of relationships, the middle line, a society of reasonable consumption that produces all that’s necessary for a comfortable existence of every individual, according to their specific needs, but not more than that, and that reaches and maintains the balance between each person’s bestowal to society and his or her consumption (reception).