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The Big Little Crisis
What the world economy is experiencing today is but a makeshift crisis. This is at least the opinion voiced yesterday by Prof. Grzegorz Kołodko, former Minister of Finance
– The big crisis is still to come – said Kołodko during the debate „Waiting for the Big Crisis – From Potential Failure to Unquestionable Success”. In his opinion, what we are dealing with now is a crisis of fundamental values. „Such are the effects of the declining idea of neoliberalism, which the United States tried to force absolutely in vain”, explains Kołodko. „We are now on the verge of shaping the new economy; there is, however, no reason to speak of recession or a crisis.”In corroboration of that view, Kołodko quotes facts: the growth rate is quite good and...
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