Thread: Is the Greece economic crises because of shortage of money?

What is the cause of economic crises in USA and europes. Is it the shortage of money? Is it the shortage of products? What is the cause? What should the countries do to stablize their economy?

I haven't read too much about it, but I think it had something to do with some really huge defense contracts they awarded to some German defense firms, among other things.

For an alternative perspective that is not in the main stream media I suggest:

1- watching the video "Money as Debt" on YouTube.

and

2- watch any interview with economist Michael Hudson on YouTube.

You will find ideas and views for fixing the economic system while keeping an economic system similar to what we know


[On the other hand, the economic system (which imo is archaic and inherently corrupt) and society could be completely different, as suggested in Star Trek fictional universe where there's no money as we understand it no poverty etc,
but this requires much more reflection and is challenging, the Ressource Based Economy described by the Venus Project and Zeitgeist Movement offers food for thought (but no clear detailed blueprint of how it could work, at least so far), but thats getting off topic...]

Originally Posted by Jima

What is the cause of economic crises in USA and Europe. Is it the shortage of money? Is it the shortage of products? What is the cause? What should the countries do to stabilize their economy?

I am not very deeply aware about their factors influencing economy. But in my thinking it might be the reason they had invested too much resources in the non-productive activity for e.g. Olympics Sports event. It has been the history with such a big sporting event that it has slowed down the economy where it has been staged. At least most of countries where such events took place. Since once after the sporting event or so it's infrastructure cannot be put to any use where in economy can make use of it in a manner it can help economic growth of the country.