The key feature of the global landscape is the continuing stagnation of the centers of the global economy, the United States and the European Union. The promise of sustained recovery from the financial implosion has eluded the United States for over three years now while most of Europe remains mired in very deep recession, with the notable exception of Germany.
Waltham, September 11, 2011: Three men, throats slit, cash and drugs left on the bodies. Two years later, two dead suspects: Tamerlan Tsarnaev, and a friend who the FBI says was about to confess before they shot him in the head. One haunting question: Could solving this case have prevented the Boston Marathon bombings?
In polls many people massively criticize this system of market-conforming democracy and then vote for it with large majorities. This “cognitive dissonance” is the result of an unparalleled reeducation of society that increasingly identifies with the values and norms that inflict great damage to them. The values and norms are success and efficiency and the ways there are competition and self-management.
The economy changed from real- to finance-capitaliusm since the 1970s. This was not an accidental development. The economic researcher Stephan Schulmeister sees a pattern where deregulation regularly created problems that were fought with more deregulation.