So what happens when a country or a world puts too many eggs in one economic basket?
The basket either overflows, or tips over and in the end, you have a mess to clean up. Who can clean up this mess?
The government?
There is not a lot the government can do, and still stay in it's normal parameters. Some stimulators;
What this country needs most right now is serious cash influx, it doesn't matter from whom,
if they got it, it needs to be invested in real businesses, the ones that produce and sell
real goods. Venture capitalists, need to get money out of the stock market poker games and
invest in small business. We also need serious investments in the service of our infrastructure,
particularly homes, and run down public housing. One thing is for sure the economy will not recover,
while everybody is waiting for going out of business sales, to make their major purchases.
The people who can help the most right now is those who own properties. If they would lower their expectations and rent or give low or free rent for start up of small business. We also need lower rents for citizens, because many Americans have had to take lower paying jobs. If a few good minded people with a few dozen rentals in any area would just slash rents, even if just for a year or two, their actions could force others in the market place to do the same. The problem here is that many if not most of those properties are owned and run by soulless corporations, who can't see beyond the moment to help fund the future.
As a lowly citizen about the best thing you can do is spend some of your savings, go out to dinner once a week. Give cash to a needy person, Start a small business.
Capitalist theory says that in down times like this that deflation occurs, perhaps capitalism
needs a push instead of a handout.
Perhaps capitalism is a lie when run by corporate greed and will soon die a violent death.
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