To: Orangedog
"This won't be like the last depression."
I agree - that was a depression in an essentially capitalist world economy. The values of Western Civilization were devalued and scorned, and new modes of living - fascism, communism, and New Dealism, were touted as solutions to the economic problem. The rest of the 20th Century was consumed by a struggle between the various socialist systems to achieve supremacy. When socialist systems collapsed, such as the former Soviet Union and its satellites, there governments turned belly-up; there was no wide-scale repression.
When this next crisis arrives, governments will lack faith in themselves and in their solutions - real change will be possible if the moment is seized by the youth of America and other nations.
Call it a revolution, if you will.
This next depression will be a depression in an essentially socialist world economy, in which governments make the economic decisions - over half of the world economy goes through government hands directly, and virtually all the rest is under regulatory control.
I don't know what will replace it, but socialism is going to be rejected.
To: headsonpikes
Also, the next depression -- unlike the last one -- is going to hit upon a nation filled with citizens who have amassed massive debt.
52 posted on
07/30/2003 10:16:49 AM PDT by
Fraulein
To: headsonpikes
It will still lead to more socialism,communism,and fascism
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