Hi all,
Here is Varoufakis's take on what the world might look like without the US's economy dominating it. This discussion is to be continued. One of his ideas is that the world economy is stuttering due to the failure of the global surplus recycling mechanism of which the US was the lynch pin, but there were other important players such as China. If a country has money to spend, there has to be someone who can absorb it. Let me say no more. I hope you will find this discussion, as far as it goes, enlightening.
This is a kind of follow-up of his speech at the conference I already sent.
larry
Dr L Brownstein
Review Editor
Radical Statistics
"It's difficult to reason someone out of something that they've never been reasoned into."
-- Jonathan Swift