The dogmas of the quiet past are inadequate to the stormy present…. As our case is new, so we must think anew, act anew.
It has been said that we are living in a new normal; after the 2008 worldwide economic and financial crisis we are all navigating through unchartered waters. The recent past has not prepared us to live what we are living now, and this is true whether we are in Brazil, Singapore, the United States, Australia, Europe, or wherever.
Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credit, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy ...