A mere dozen points describe both the global financial illness and the cure.
The global economy is ill, and everyone who is not mired in denial or a paid shill knows it. Saying it's healthy doesn't make it so.
Is is possible to usefully generalize the illness and outline a cure in a few points?Maybe not, but let's try anyway.
1. Creating and selling credit and leverage became far more profitable than generating goods and services. Financialization--expanding highly profitable credit by leveraging assets and income to the hilt--began in earnest in the early 1980s. ...