I'm getting impatient with economists who always put growth at the top of agenda. Why don't we have an economy like say, 2004. People were busy, living well, kids could get jobs. If that existed only due to great liquidity well, why not recreate that kind of liquidity? We don't need a bigger economy than 2004, just the same one. (David Creelman - Creelman Research)
I have to conclude that we are systematically building a human disaster. It makes no sense so why are we doing it? The answer is that a small number of obscenely rich people are benefiting and they have the financial means to corrupt our politicians and courts to do their bidding and control the media to baffle the public. They are seeking a return to the 17th century when the Divine Right of Kings ruled the land. It was a political doctrine of royal and political legitimacy asserting that a monarch was subject to no earthly authority thereby deriving the right to rule directly from the will of God. Like these ancient kings the obscenely rich don't want the nations they live in touch any of their wealth. It has been estimated that this off shore theft amounts to between 21 and 32 trillion dollars; a staggering amount exceeding the GDP of the US and Europe.
In the United States the rationale for this modern day Divine Right has been packaged in a witches brew from the philosophy of Ayn Rand (an ardent atheist, a hack writer of pot boilers, and worshiper of male power) , Milton Friedman (a naive believer in unregulated markets that will eventually work things out for the best) and Religious Fundamentalists (who proclaim the Divine Right of their leaders). Ronald Reagan and Alan Greenspan were Rand's and Friedman's ardent cheerleaders. Financed by their kings (the Koch brothers and others) the Tea Baggers enthusiastically repackaged this rubbish and have led the political charge with leaders like Paul Ryan, Mike Huckabee, Sharon Angle, and Sarah Palin all professing divine inspiration and a return to a marriage of church and state, long discarded by the Founding Fathers. I suspect the Libertarians and visible spokespersons on Fox News and talk radio don't necessarily buy into all this rubbish and take a deep breath to let it wash over them in order to support their shared neocon agenda of enriching the rich ( and their paid servants) at the expense of the rest of us.
It took revolutions to end the Divine Right of Kings in Europe, Russia, and Iran (and it removed a few heads). With youth unemployment and underemployment in Europe and the United States running as high as 50% , wages and social services collapsing, public anger and demonstrations mounting, there is no end in sight. All of this is happening while the 1% become richer each year, It is only a matter of time before this anger spills over with unpredictable outcomes. The demand for reform has become violent in parts of the Middle East (The Arab Spring) and something like this (hopefully without the religious part) could happen here.