Economy is easy to resolve and having a few with the majority of abstract value even indicates a hint at why its in the mess its in. But I shall elaborate. During the great depression, understanding what caused it and recognizing the steps taken even today to try and avoid the same again, there is understanding enough from this and other economic failures in history that we most certainly know how to permanently resolve world economics today. The problem is why or who is in the way of this happening.
Back to the great depression. We had plenty manpower, knowledge and the natural resources to move forward just fine. Note that this does not include the abstract value exchange system of money. In fact it was the manipulation of this abstraction of money that caused the great depression to happen. Abstraction exist in the mind and as such it makes the great depression really just a psychological manipulation, not a physical one. Though this psychological manipulation had great influence on the physical, only because we gave it the power to do so.
We had all we needed to avoid the great depression, and the proof of this as being fact was that the solution was actually used to help get us out of it and at a dollar a day pay.
BTW this is the proven solution to Haiti's situation. We know that it works, we know Haiti is in serious need to heal its land as a top priority, even more important than the people, But this solution, both get healed at the same time. Haiti's history is also exposing of why economics even ever becomes a problem.
Here is some hard reality:
and though this is a bit old, it is still very exposing and an update would not change much in the statement it makes. There is also the fact numerous times the US government took money from public retirement (Social Security) for war machine funding.
So we know there is wrongful misdirection going on of the abstract value system. But Military is just one deterioration source, there is another, perhaps far worse the stock market.
There is plenty of public information available to allow anyone to "follow the money" and even see here the losers of that bet such as Enron, Worldcom and there are others. The results were an attempted attack on the World Trade Center and years later a successful attack on it. BTW Building 7 held the SEC ongoing investigation records into this stock market abuse. When it was taken down a lot of problems vanished, including California electric power bill and brown outs, suggesting another loser in the bet that couldn't just vanish like Enron. And of the other two targets, it doesn't take much to see why the pentagon was hit and the suspected White Horse Target. words "Government", "Military", "World Markets" and "drain"...
There is absolutely no question as to where and who the problem of economics is with.
The Stock market was created to help business grow, but the higher and higher levels of abstraction has detoured the intent. It use to be that you believed in a company and invested in their growth and in return you shared in the profits. But today do you really know where your money is being invested? Like even of you don't, your bank may be with your money. How bad has the level of abstraction gotten? Well the solution to stopping the Trillion dollar bet was only a stop gap, but to make the information public and widely applied so no one could again use it as abusively as it had been used.
However, guess what wall street is looking to hire help for today? Mathematical analyst and programming programs that can calculate and even influence market trends so again to sap money off. Knowing this you can perhaps better determine when to buy low and sell high, in what is termed selling short and in support of this, there is the upcoming tax laws for next year making even long term investment to be treated with no incentive tax cuts.
Today the stock market is more a means of transferring abstract value than it is of producing any new value that would actually add to real wealth in product and services and overall improved human environment for all.
But there is something else being said about what is going on in the stock market, regarding what happens when a country threatens its debt against the economics of the world with default. The one day stock market down spike where all transactions 60% below or above the previous price were made void. The reason for the 60% number was because it was a get out of debt card for Greece. In the debt conditions of Greece the number 60% is there too, but they went over it, breaking the conditions of the terms, and hide it for years but the players in this hiding have been media mentioned. Perhaps one was your bank or investment firm.
But the point is simply this. the faster the abstraction value is moved around the closer it gets to being irrelevant. In fact in the US, new money is made by creating debt. The government goes to the federal reserve to have money made and they get this new money based on a loan debt. The value of the money then going into circulation gets multiplied based on further loans. One dollar of value becomes 10 dollar of loan value or something around this multiplying factor. This information on how new money is made is available on the internet. Though I can't at the moment help you with search terms other than the obvious.
To sort all this out, it still comes down to the same thing, there are those who drain from economy and justify it by creating war inspiring problems that otherwise really don't exist. And of the 7 billion people on this planet, its some fraction of 1% in such controlling and manipulative positions.
We do need a value exchange system as a check and balance of integrity for moving forward.
In the US we have the Declaration of Independence where in it there is outright identification of government wrong doings as well as a public tolerance level of such.
But what we really need now is a Declaration of Integrity at a world level. Verifiable Accountability of abstract value systems and their correct positive and productive use.
Economics is not the problem, but rather the few that have far to much motive and position to commit abusive and wrongful manipulation of the abstract value exchange media and systems.
Of this, there is no valid debate, only a recognition of the tested and verified facts.
There is a town or county, I think in Texas, where the residence excluded themselves from the Social Security system to instead take care of this retirement themselves. As they retire they have the same or a little better income they had prior to their retirement.
The only difference is that the government wasn't putting their hands in the till, stealing.
Again, there is no problem with the economy, but only with those who wrongfully detour/steal from it and with no real value in exchange for doing so.