“What is to be done?” asked Lenin in 1902. He couldn’t have been thinking of capitalism’s problems circa 2008, but he was asking a question that is on the lips of America’s policymakers as the U.S. economy slows.
More than slows if economists at Goldman Sachs, Morgan Stanley and Merrill Lynch, predicting a recession, are to be believed. Indeed, like 60 percent of Americans, Merrill Lynch’s economy watchers believe a recession has already started.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.