It is 10 years in September since Lehman Brothers went bankrupt bringing global capitalism to the point of collapse.
- Jenny Clegg
- CounterPunch
Although the crash did not finally lead to a total meltdown, it triggered a slump of 1930s proportions and for most economies the last decade has been a lost decade of low growth, low investment, low productivity, marked by debt and deficit, with virtually no improvement in real incomes for the…
The stand-out story of the period has to be the continuing rise of China.
Initially, the economy was also badly hit by the crisis, but…