Just wanted to point out that THIS is the crux of the problem. The asset holders, who’ve benefitted most of all from the bubble economy, do not want to make any concessions. Rather, they want to not only hold onto their bubble wealth, they want to increase the disparity between themselves and the working people of the world.
This is EXACTLY what is causing the riots and protests around the world.
One or the other. We can either ALL give up the gains over the past 10-15 years, or nobody does. That is the only choice we have; otherwise, there will be civil unrest that will literally destroy not only what was “made” during this period, but will roll things back much, much further, and cause damage that will take decades to overcome, IMHO.
