NationStates Jolt Archive


Credit CrunchCapitalism's End or Globalisation Birthing Pain

DiegeticThought
15-04-2009, 12:18
Okay,

Here is somthing that I was thinking in the shower. All those doom sayers on the TV saying that captialsm is cracking under the strain of this credit crunch, or at least words that mean the same thing. I began to think is this actually a GOOD thing, are we seeing a reallignment of the world financial system to make increased globalisation easier and more responsive? Surely this fiscal downturn is heralding a bright new future of co-operation and regualtion so that we can work together, and possibly have one global currency in the next century?