Bubble formation covered up a period of long-lasting stagnation… Former US Treasury secretary Larry Summers even spoke of stagnation as a “new normality”… Crisis consequences are shifted to other subjects… Unemployment and indebtedness are exported.
Shrinking the financial sector and expanding the public sector are vital lessons from the 2008 financial crisis to avert future crises.
to read Tomasz Konicz’ article “Financial Bubble Inflammation” published on May 9, 2014, click on
http://la.indymedia.org/news/2014/05/264365.php
