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I don't claim to be a liberal, but I cannot either agree with Sapper's gloomy predictions. No end of the world of abundance is approaching. The economic model is much more complex and unpredictable than we can imagine: as demand shrinks, so does the offer (there is no money to gain and the plain folk players keep their cards closed being afraid that they will lose if they participate in market swings) and an overwhelming power is needed to turn the situation upside-down, like the boat that is not easy to be knocked down even when she heels excessively (she rather turns head to the wind!). Many may loose money, not all will die.
PS: This opinion is irrespective of the fact that USA represents a small part of the global population that consumes a disproportionately big (both quantitatively and qualitatively) chunk of the earth's natural resources. Hence its influence on the other living creatures on this planet should be limited and its appetite for expansion curbed. Some moderation in spending and consuming habits would be therefore very much welcome.
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