"free traders" are implementing global socialism with your 'system'. My post said nothing socialistic.Its a funny trick how "free traders" always accuse others of what they themselves are doing.
The only serious threat to the world economy right now, is security related fears to oil supply due to the war and especially Iran's pursuit of nukes. Longer term we have grand strategy issues with China and Russia, and political issues domestically with our own left, especially its remaining cultural and educational influence. I say remaining because politically and intellectually we are kicking their tails.