The Occupy Movement is just the beginning of a New Era
Date: June 30, 2011 | Author: Mark Winter
The capitalism as we know it is in its final phase of decline like the communist system was in 1989 and the western politicians should now tell the people the truth that we will not be able to maintain the status quo of the capitalistic system as it is. Neither in the US nor in Europe can we be sure that the annual growth in the coming years will lift us out of the economical and political crisis which the system is facing. It is more likely that there will be a collapse of the financial system, which this time will most likely begin in Europe and will send shock waves throughout the financial world. Although the world has developed and we are not at the same stage as we were 1929, the only solution to the problem would be either to have a fiscal union in the Euro Zone or to split up the Euro and return to the national currencies again. Europe and the world is running out of time and with the resolutions of the last meeting in Brussels, Europe has only gained more time to solve the problem, meaning that either the European leaders need to agree to an entire fiscal union or they have to change the Lisbon treaty in the way that countries which do not meet certain fiscal criteria have to leave the single currency. This will be the only solution to rescue the Euro and as such the whole European single market. If the political leaders in Europe will not come to any agreement in the next 12 to 24 month then we will probably see a worldwide financial meltdown which could turn out to be worse than the1929 great depression. I hope that the politicians of the western world are well aware of it and will take the necessary measures. However, it is very important that the pressure from the street like the occupy movement continues to overcome the old capitalistic system with private banks and corrupt and greedy bankers. We need to re-think the system and come up with a new plan, not communism, not capitalism; we need a third way to solve the current economic and financial crisis; either regulate the banks very restrictively or nationalize the banks so that the people, the tax payer gain control over the banks which they had to bail out with their money.
