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THE ECONOMIC CRISIS SINCE 2008
Today’s World Crisis is a product of the sum of the
social relations. The allocation of labor has spread
throughout the world. China, India and the countries with
big population took over textile and other manufactured
st
goods. At the beginning of the 21 century, they even
made their way into more sophisticated products
(instruments, furniture, household appliances, bathroom
accessories, ceramic tiles, carpentry, etc.).
The developed world could not follow suit because
work-hour in the USA is about ten dollars, compared to
one dollar in China and India. The Western world has
always had a defense mechanism to stay at the top of the
developed world. However, finding a new mechanism in
the past five or six years has proved unsuccessful. (It is
July 16, 2014 today.)
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