Just a general comment; I see a lot of people really pissed that this latest financial crisis didn't cause a complete worldwide system meltdown and restructuring. They almost seem mad that things are starting to return to normal for a lot of Americans and no real mega-change happened.
I agree that we are far from 'out of the woods' and peoples attitudes about money need to change but aren't incremental, evolving changes better than a complete meltdown?
But are we evolving? I look around and I see a lot of people saying "whew, we dodged a bullet" and then going right back to how they were living before. I'm one of the ones who is upset but it's not because we're returning to normal it's because we used massive deficit spending to push the fall we were headed for on to our Children.
The demise of the American Empire has been predicted for decades. While this guy makes some good points about how the economy isn't fixed, they get lost in his sensationalist rhetoric.
Sort of like the folks who have been predicting the demise of Microsoft for years but that just isn't happening. (hint: it's called leverage and MS/USA have shit tons of it)
The biggest flaw in his analysis is the fact that just about every other western nation is doing the same thing America is right now.
So perhaps it's time for the East to take charge again.
Flagged as... well, exactly the sort of article you might expect from the headline.