One source of angst is the sorry state of American capitalism (see article). The “Washington consensus” told the world that open markets and deregulation would solve its problems. Yet American house prices are falling faster than during the Depression, petrol is more expensive than in the 1970s, banks are collapsing, the euro is kicking sand [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
Unhappy America
Posted by Matt in July 24th, 2008 | no comment
Published in Economy, U.S., 1970s, America One, American Capitalism, Banks, Belgians, Budweiser Beer, Consumer Confidence, Depression, Deregulation, Economy, House Prices, inflation, Open Markets, Oxymoron, Petrol, Recession, Sorry State, Washington Consensus
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