New Bubbles, Mounting Debt: Preparing for the Coming Crisis
By Ben Reynolds, ROAR Magazine
The global economy is clearly headed for another recession after a decade of lukewarm recovery. The bailouts and loose monetary policy of the post-2008 world did nothing to fix the fundamental causes of capitalism’s latest systemic crisis. Instead, they papered over structural weakness while enabling another orgy of irresponsible lending and rampant speculation.