We are entering the second great stage of the global economy. The last column here looked back at the foundations of the global economy up to and through the reorganizational recession of 2007-2011. We now look at what has happened in the years since and begin the look into what the next stage might look like.

Out of Date Metrics

The economic metrics from the last century, to some degree, no longer accurately measure global economic reality. I remember speaking across the United States and around the world in 2010 and 2011, the years after the economic thought leaders in …

The Eurozone is a mess.  Mathematics, common sense, recognition of a changed reality, and, yes, democracy have all taken a back seat to a deep-seated, ego-related loyalty to a broken idea from the 20^th century.  This is one of a number of situations today where legacy thinking from the last century is propping up institutions and ways of looking at the world that will soon dissolve in the face of new forces and ways of thought of the 21^st century.

In January, I started to say that we should stop calling it the “Greek Debt Crisis” and start talking about it …