Opinion: (Mikhail Delyagin, Director of the Globalization Problems Institute): “The world has been teetering on the brink of depression for several years, and sooner or later it will fall into it. Indeed, global monopolies have developed on the global market—and naturally began to rot. It’s impossible to improve them since the market is global and there is no external competition. Demand shrinks due to their decay, and the only way to compensate for this shrinkage … is to increase the demand from the part of the state. That is, to infuse the money into the economy. And this leads to an increase in debt, which is impossible to repay. This is the situation everywhere: in the USA, EU, and China.
“The easiest way to solve the problem is to write off bad debts. However, this will lead to a global depression. Another way to solve the debt problem is to wash the debt out with high inflation. However, the measures of its subsequent suppression will plunge us into depression as well.”
My Comment: The world is artificially held from collapsing. But time should be devoted only to preparing humanity for the transition into a new social and economic system—a balance between us in all social structures and between the entire society and nature because balance is the fundamental law of nature, and we will be led to this state either by blows or our realization of it leading us.