Economic Crisis Shakes Old Paradigms

The world will soon enter the sixth year of the Great Recession, and there is no end in sight. In the United States, where stagnation continues to reign, some 23 million Americans remain out of work, are underemployed, or have simply dropped out of the labor force owing to frustration–a condition that now threatens to precipitate Barack Obama’s replacement by a Republican candidate whose program would only worsen the crisis.