Zimbabwe

I don't think that many people have yet understood what is actually happening.

Yes Zimbabwe is now a failed state, it is bankrupt it has hyper-inflation there is Cholera which is in danger of spreading to other countries, because disease does not recognise artificial man-made borders.

I firmly believe that this is a foretaste of what will happen on a global basis as the second Great Depression begins to bite.

If Gordon wants it in his terms then this is Global Downturn II. When we see the collapse of the American car industry then surely everybody can see that Keynesian economoic policy, in the long run, does not work.

Zimbabwe cannot be saved from its fate, but neither can many other countries which will face similar problems. We are in for a terrible time and the politicians, philosophers, and economists just do not know what to do. They are completely lost, they have no narrative and will try to do what they can to save themselves let alone the rest of us.