Opinion: (Christine Lagarde, the IMF Chief): “Ms Lagarde said the ongoing debt crisis in Europe has resulted in an uncertain outlook for the global economy.
“The head of the International Monetary Fund, Christine Lagarde, has warned that the global economy is at risk of being plunged into a ‘lost decade.’
“‘Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of downward spiral of uncertainty, financial instability and potential collapse of global demand,’ she said.”
My Comment: The downfall of the egoistic economy will happen anyway, and it will continue until we establish an integral global economic community built on the basis of global mutual guarantee, like cogwheels in a single mechanism, in order to bring our civilization to balance with nature. It entails reasonable consumption where: everyone gets only what’s necessary for healthy existence with the excess being distributed to the needy, we perform only necessary work, no one accumulates and stores the surplus, and citizens dedicate all their free time to the creation of the correct environment, whose influence will create from us, egoists, an integral altruistic society similar to Nature.
Until we consciously achieve this state, Nature will bring suffering (crises and wars) upon us—the revelation of our lack of balance with Nature. No revival of the systems of our society will take place in the future: We are heading downwards until we understand the need for personal and social correction.