Signs of collpase are everywhere. With economic security an uncertainty, marriages are being postponed at record numbers. To many Americans, capitalism seems beyond repair. Unfortunately the problem is without a solution. When historians and economists look back at the Great Recession, most will conclude there was no solution.
What makes the Great Recession so appalling a human tragedy is that, it like the Great Depression, can only be overcome by an event as awesome and as terrifying as itself. For the Great Depression, that event was the Second World War.