A NPR story caught my ear this morning According to National Intelligence Director Dennis Blair’s report,
The global economic downturn could easily change the world. Previously stable countries could become unstable. The geopolitical lineup could shift sharply, some countries becoming more powerful while others get weaker. Allies could turn into adversaries.
With tens of millions unemployed, mitigation of this risk or even intervention would certainly require approaches that counter a free market/free trade philosophy; e.g., perhaps “socialistic” and trade protectionism approaches. Policy makers must broaden their thinking outside of narrow frameworks. This will be an interesting debate for interesting times.