Opinion: (Vladimir Putin, Russian Prime Minister) “But speaking in a deeper, longer-term sense, we must admit that the current problems have nothing to do with market volatility. By and large, what the world is facing today is a systemic crisis, a tectonic process of global transformation….
“It should be said that the current global imbalances are on such a large scale that they cannot be dealt with within the framework of the existing system. It is true that market fluctuations can be overcome. Most countries have set out a range of tactical measures to respond to the acute manifestations of the crisis, with varying degrees of success. It is a visible manifestation of our transition to a new cultural, economic, technological and geopolitical era. The world is entering a period of turbulence, which will be prolonged and painful. We should not be under any illusions.”
My Comment: After diagnoses that we hear from everyone, there are no suggestions about the remedy, and the disease is advancing. We need to reach out to the leaders with our proposals. Although they sound a bit distant from reality, the same reality will finally force the leaders to review their opinions, and the sooner this takes places, the better it is for the world.