There are several possible scenarios at play here and without very inside information, which none of us will ever be privy to, it is impossible to do anything better than speculate as to what is the real agenda afoot. One thing that is speculative in only a token sense is that this is all the product of some very serious power cultivation. I smell a global-scale dialectic at work here, and a possible end-game.
Either "they" are driving us to the edge for the purposes of scaring everyone so sheet-white-shitless that the vast and overwhelming majority of the effected populations will simply lay down for the sake of a warm, if flavorless meal courtesy of the new global socialist state, or they mean to actually wreck it and sit back as we murder each other over simple things like food and shelter. I hold no illusions that what we are witnessing now is the product of benign error. Far from it.
You mean which is the less horrid. Neither is sound in the least bit.and it remains to be seen which is the better approach.
A necessary condition but not sufficient. Their markets are significantly less free than ours and it shows. Their markets are therefore in proportionally worse shape and people are more vulnerable than are we. By how much I am no longer sure, particularly since 'Bammy and his Marxist bully boys have been at it, thanks to the wonderful set up provided them by the previous two administrations. Without proper freedom, their economies are doomed to this brand of failure. And worst of all, most of the stupid Europeans willingly gave up any right to the means of effective defense decades ago. At this point about the best they can do is use harsh language, and we all know how well that works. At least here if things go that badly we can take some of the bastards with us.In Europe the recession is trying to be met with efforts to reduce government deficits which at this time is acting as a break or headwinds on their economies
That is what they say. It is not what they mean. Clearly the goal here is to destroy what exists so that it can be replaced with something else. This year stands to become most interesting.while in the US the government has been trying to use higher government spending (increasing deficits) to try to spur the economy on and worry about reducing the debt later (if ever). It remains to be seen which approach will be the best in the long run.