The next week is clearly going to be crucial for the world economy with the eurozone facing meltdown and the continuing debt crisis in the USA and other countries in the world.
The countries of the world face indefinite virtual zero economic growth. Many people say that Japan points the future for Britain. Japan has had less than 1% economic growth per year for about 20 years.The British economy faces less than 1% economic growth per year for an indefinite period.Possibly even a drop in economic production each year.In Britain nearly one million people under the age of 25 are unemployed.The unemployment rate could hit 10% in the next 18 months or so.
The banks of the world are loaded with toxic debt.Thus leading to the corporate welfare of quantative easing paid for out of the taxes of ordinary people to bail out the banks.
The obvious question is what to do about the world economic crisis.Personally I feel that we may need to build a new economic system based on justice from below as the politicians from all mainstream political parties seem to be just carrying out the bankers orders.
What type of economy should we try and build.Firstly work sharing.Secondly buiding co-operatives,workers could consider taking over enterprises that are closed down and turning them into co-operatives.Thirdly buiding a massive housing co-operative movement. Fourthly buiding co-operative banks and credit unions. Also building and alternative internet based media. Internet television,radio and newspapers.
People should also be encouraged to grow their own food.
The world is facing the worst economic crisis since the 1930s it is up to us the oridinary people to build a new economy from below based on justice and sharing.