You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #10: Then let it break. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
Daemonaquila Donating Member (413 posts) Send PM | Profile | Ignore Fri Dec-09-11 02:07 PM
Response to Original message
10. Then let it break.
Bankers, financiers, large corporations, and most economists keep missing the point: all systems crumble or morph into something unrecognizable, eventually. Of course the Eurozone may break up - since it began, the only options were breakup (via failure or selective dismantling) or change into a single regional government. The only question was when. The Euro system was set up to avoid catastrophic breakup, but such systems fail. As usual, if one looks deep enough into the reasons for that failure, there are going to be key decisions by and for the good of banks and multinational corporations.

The outcry regarding breakup has less to do with potential unemployment or depression, than losses by the banks that have been gambling (as usual).

If a system is failing, let it fail. The longer we try to prop up a failing system because it's "too big to fail," the bigger and more prone to failure, and with greater catastrophic outcome, it becomes. If we had let certain failures happen in the U.S., we would have been better off, and could have avoided the unstoppable collapse we're currently reeling under. The Eurozone is, unfortunately, in the same boat. The same fixes will be tried, and they will fail just the same way, and we will still have worldwide depression. The only difference that massive intervention will make, is that some of the banks will come out golden.
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC