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Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.
David Korten
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There is no visible sign that the current politicians in the US are willing to see the need for change.
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The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.
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The EU will face problems similar to the US: an increasing gap between the citizens and decision makers in Brussels and a perceived or even real lack of democracy.
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Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which lose connection with reality in the markets, shops and communities of the people.
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My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.
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Moreover, statistics can be deceiving: the growth of jobs in the US in the 90s was due to many part-time jobs, with no benefits and generally low pay.
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More humane societies are usually smaller, like the Scandinavian countries and Holland, where it is much easier to reach consensus and cooperation.
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