Do you believe history repeats itself, in the case of the "recession" that we are in?

Ah, this may become a question for the ages! As a scientist, I find markets to be interesting systems. I don't study them, but their behavior - no matter how much we study, analyze, model and predict - seems to elude us. Some might say markets are chaos theory themselves at work. Others would say we don't yet have the right approach to understand them fully. Still others would say the whole effort is futile.

In terms of causation - I think that's debatable, but I've read some compelling evidence that it was the government that's to blame for this whole fiasco. Forget big business, economic theories and free-markets, forget regulation and deregulation.

Check out the book Meltdown By Thomas E. Woods. He presents things in a way few mainstream economists do.
 
The entire world historic landscape has changed. The exacerbation in September-October 2008 of the world capitalist crisis that exploded last year takes unprecedented dimensions driving to collapse the world stock markets, the international banking system, gigantic industries and a growing number of States on the edge of default.

America, the historically highest point of development of world capitalism, has been transformed into the center of world capitalism has become the center of its deepening crisis .
The world capitalist crisis destroys the lives of millions of people all over the planet condemning them to expropriation, unemployment, destitution, misery, and furthermore, wars and State repression. But at the same time, although the weight of the crisis is bitterly felt, resistance to capitalist barbarism is growing. There is an ascending wave of social struggles, mass strikes, occupations, and popular rebellions .

We are very happy!
 
Back
Top