we have wasted the past seven years propping up a bankrupt economic model. Before things get any worse, we need to replace it with one in which the financial sector is made less complex and more patient, investment in the real economy is encouraged by fiscal and technological incentives, and measures are brought in to reduce inequality so that demand can be maintained without creating more debts.

Sourced through Scoop.it from: www.theguardian.com

Not China but debt addiction of the West & misguided austerity policies are cause of the new coming Depression.

See on Scoop.itThe Great Transition