Pundits, journalists, and individuals bemoan the state of the economy on a regular basis, but they usually direct their criticism at Wall Street manipulators and big corporations.
The real blame should go to the structure of a system that condones and overlooks practices leading to world economic and financial crises that create high unemployment, a huge increase in debt, and a widening gap between the super rich and the poor.
All this is leading to the destruction of the middle class and an alarming increase in the cost of living. Various solutions have been proposed, including nationalization of the entire private economy or an increase in private control of big banks and corporations. Others advocate simply taking over Wall Street without any clearly defined objectives.
A new system would prevent the economic and financial crises as well as the social upheavals that go along with them, but it's none of those described above. Learn about "Equitocracy" and what you can do to promote its objectives.
¿Radu Buzescu earned two master's degrees ---- one from a European university and the other from an American university --- and has conducted extensive on social, economic, and financial structures. He currently lives in New York
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