11 setembro 2011

slowly at first, then all of a sudden

Today the international system is in dangerous turmoil. The politicians, economists, and CEOs in whose hands our fate lies have all studied at the same Western universities. They remind me of those wise men who ran the communist system some thirty years ago. They were educated and intelligent people who should have been able to diagnose that their ship was headed for the rocks decades before it crashed. But they didn’t because they had all studied at the same universities and had been taught the same “truths,” as it were, about the economy. They were dogmatic, and as a result the system fell apart. Not that anyone really mourned it, but the great Greek economist Taki sees the same parallel with the West today.

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