Source: The Globalist
Alexander Mirtchev
and Norman Bailey
The global debt burden
appears to have gathered an unstoppable momentum, prompting divergent
reactions. The world economy cannot count on growth to solve the global debt
problem — and stimulus measures are not a sustainable solution. In the second
installment in the series “The Search for a New Global Equilibrium,” Dr.
Alexander Mirtchev and Dr. Norman Bailey explain why the solutions currently
being offered are wholly inadequate to the scale of the problem, and argue the
time is ripe for a “new Magna Carta” — a redefinition of the social contract
among the government, Main Street and Wall Street.
