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This is a great piece of work that hopefully will inspire our generation to lead the change we desperately need...

  • - JealemyG
  • 27, Aug 2013 04:25 AM

The analysis is profound for most of the part. The demographic chapter is a little too catastrophic for my taste since it ignores our sense for solidarity. What I really miss is any definition of "growth". What shall grow and what shall shrink? How can we allocate our wealth otherwise than by competition? What I also miss is at least the discussion of one simple idea to reduce debts: Abolish interests - focus on pay off. Ingo Klamann (Germany)

  • - inkadue
  • 01, Aug 2013 10:56 AM

Excellent!

  • - YuanyuanWu
  • 11, Jul 2013 05:10 PM

The article is tremendous in its clarity. To me it remain a certain inability to compare the today's public and political discourses of the european countries to the facts listed above. Even less comfortable is to notice the public and political reaction on such events like a presentation of the book like the one of Thilo Sarrazin over Germany's future (Deutschland schafft sich ab - Germany's abolition). So looking beyond possible solutions the real problem will to cut the new society that lives exquisite from not solving all those challenges ahead and instead earning a living through tax payers. We should wish us all good luck - at least if you are above average or have something to loose ...

  • - office
  • 16, Jan 2013 11:24 AM

Great paper! Very thought provoking if depressing. It's hard to imagine we'll get to the ideal scenario. Your point on corporate profits and social unrest reminded me of something Warren Buffet said in 1999 Fortune article: "In my opinion, you have to be wildly optimistic to believe that corporate profits as a percent of GDP can, for any sustained period, hold much above 6%. One thing keeping the percentage down will be competition, which is alive and well. In addition, there’s a public-policy point: If corporate investors, in aggregate, are going to eat an ever-growing portion of the American economic pie, some other group will have to settle for a smaller portion. That would justifiably raise political problems--and in my view a major reslicing of the pie just isn’t going to happen." Where are corporate profits as a percentage of GDP right now? Around 10%. Yikes.

  • - Brian_Anderson
  • 10, Jan 2013 04:03 PM