ECONOMICS OF CRISIS VERSUS CRISIS OF ECONOMICS: THE FALL OF CAPITALISM AND THE REMAKE OF THE ECONOMIC WORLD ORDER

The world in which we live in is changing. And rapidly. The global economic crisis that is our living companion since 2007 might change the world for ever. Our beloved democracies, the US and the European Union, or even Japan are no longer the main economic forces that drive the world’s economy. New countries are rising towards becoming the top economies and most of these are not belonging to the western world, nor are functional democracies. But why is this happening? Why are we losing so fast all our power and influence? Well, one main cause might be that every major civilization develops, peaks, and eventually falls. This article insists on our cultural and demographic topics, which are the main reasons for this downward trend.