Cross-Cultural Recession in the Air for the World Economy

This article shows a lack of growth in four economies: the  US, Germany, Japan and China. While the commonalties are important across countries, the differences are even more important and these are understated.

For example, the growth rate in China declined half a percentage point but is still considerably higher than anywhere else.  There is a serious drop in investor confidence in Europe. At the same time the US job layoffs in two industries make it difficult to be enthusiastic about capitalism in Mordor.
Read in WSWS

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