I opine that we are evolving on how we modify capitalism to achieve sound economic and financial practices.
Realisations like how unsustainable is the debt of the biggest economy are necessary chapters to gain traction towards that soundness.

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read moreI opine that we are evolving on how we modify capitalism to achieve sound economic and financial practices.
Realisations like how unsustainable is the debt of the biggest economy are necessary chapters to gain traction towards that soundness.
Much of that debt, unfortunately, is in the hands of the richest people and organizations in the world. Hence,
"Revealed – the capitalist network that runs the world"
http://www.newscientist.com/article/...the-world.html
and the bulk of that debt, which is essentially money, can have value only if production and consumption of goods increase indefinitely. But that's not possible.
"Report details desperate conditions confronting US youth"
http://www.wsws.org/articles/2012/ju...yout-j16.shtml
"Susan Tompor: Student loan debt threatens graduates' financial future"
http://www.freep.com/article/2012072...nancial-future
"Tough Times for Colleges—and College Towns"
http://online.wsj.com/article/SB1000...874310424.html
"STUDY: More Young Adults Living With Parents"
http://www.nationaljournal.com/thene...rents-20120801
"The college-cost calamity: Many American universities are in financial trouble"
http://www.economist.com/node/21559936
"New Low: Just 14% Think Today’s Children Will Be Better Off Than Their Parents"
http://www.rasmussenreports.com/publ..._their_parents
"Money Down a Rathole: College, Healthcare, Housing"
http://charleshughsmith.blogspot.com...ealthcare.html
"Recession Generation Opts To Rent Not Buy Houses To Cars"
http://www.bloomberg.com/news/2012-0...s-to-cars.html
"More Social Security Money Withheld Because of Unpaid Student Loans"
http://gma.yahoo.com/blogs/abc-blogs...nvestment.html
"Trading caps and gowns for mops"
http://www.marketwatch.com/story/tra...ops-2012-08-22
"The Cheapest Generation"
http://www.theatlantic.com/magazine/...ration/309060/
"The closing of American academia"
http://www.aljazeera.com/indepth/opi...749246453.html
"U.S. and U.K. grads face stormy jobs market"
http://www.marketwatch.com/story/us-...ket-2012-08-23
"How The American University was Killed, in Five Easy Steps"
https://junctrebellion.wordpress.com...ve-easy-steps/