Breaking Down the Economic Death Spiral – and Saving the World Economy (via Realizing A Better World)

Ho-Hyung (“Luke”) Lee writes on economic problems. He begins thusly –

The Western countries, that is, the United States and Great Britain, and including Japan, are among the most innovative countries in the world. They have the best universities; they have the best political systems; they have the best technologies. Unfortunately, they have failed to revive their own economies over the last several years. Japan, for one, has had a stagnant economy for almost two decades now. What’s wrong with them and their economies? Isn’t there anyone who can figure out what the real causes of the current economic crisis are and suggest a clear solution?

He then lays out his conception of a solution. It’s well worth your reading.

James Pilant