The Long Road Ahead to Recovery is Paved With Illusion
Two articles appeared in my inbox this monring. The first is a sobering assessment of the economic conditions we face with great suggestions on how to move in the right direction by John Galbraith and the second an analysis of the beneficiaries of the GM bankrupcy by Greg Pallast. Taken together with the recent statement of the head of the World Bank that social unrest is a possibility with increasing economic decline, it appears there are a lot more challenges ahead.
As readers know, most of the stories at NPD are positive about the emeging realities and perhaps the current economic crisis has within it the seeds of creative destruction that will allow the people and projects I write about to form the foundation of a sustainable new world. I believe these two articles are worth reading and may provide insight on the true trajectory we are on. I think living in community with self sufficient energy and food with low rent or fully paid housing may be an ideal short term solution along with an investment in gold to protect against the declining value of the dollar and inflation. Long term, we must reimagine every institution and make them work for all, not the few at the expense of the many, which sadly is the pattern that continues to play out at GM and the wider economy.
- Posted on June 01, 2009 in Business, Voodoonomics |
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