Friday, April 8, 2011

What Lies Ahead.....

The World Did Not End. Despite all the forebodings of disaster in the 2007-09 financial crisis, the first decade of the twenty-first century passed rather uneventfully into the second. the riots, soup kitchens, and bankruptcies predicted by many of the world's most respected economists did not materialize - and no one any longer expects the global capitalist system to collapse, whatever that emotive word might mean.

     Yet the capitalist system's survival does not mean that the pre-crisis faith in the wisdom of financial markets and the efficiency of free enterprise will ever again be what it was before the bankruptcy of Lehman Brothers on September 15, 2008. A return to decent economic growth and normal financial conditions is likely by the middle of 2010, but will this imply a return to business as usual for politicians, economists, and financiers? Although globalization will continue and many parts of the world will gradually regain their prosperity of the pre-crisis period, the traumatic effects of 2007-09 will not be quickly forgotten. And the economic costs will linger for decades in the debts squeezing taxpayers and government budgets, the disrupted lives of homeowners and investors around the world.

     For what collapsed on September 15, 2008, was not just a bank or a financial system. What fell apart that day was an entire political philosophy and economic system, a way of thinking about and living in the world. The question now is what will replace the global capitalism that crumbled in the autumn of 2008.


From - Capitalism 4.0 - by Anatole Kaletsky


What lies ahead is a changing Lanscape. Globalization and a "Flat World" have changed the way the World now works.......We are in the Midst of an Evolutionary Phase........Evolution is Modular...........The Tour will give you the information you need to move to the Next Level....Welcome to the Modular World....

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