An alternative analysis of the current global economic crisis and the ways to overcome it

Abstract

It is examined in this article the current global economic crisis, from an alternative point of view, and distant from the visions that dominate among conventional economic analysts, as well as of those interpretations that offer some “alternative” thinkers.  The author –basing himself on what he calls “comprehensive economic theory”- argues that essentially this crisis is rooted in a distortion of the prevailing monetary system at global level, which is signifying that money has lost its capacity of complying its essential functions.  He argues then that the Keynesian politics by which it is sought at present to face this crisis, far from contributing to surpass it will accentuate it and prolong it, until a new monetary system is established, in the context of structuring  the market in a different way, which will not occur until large political, legal, institutional, and cultural reforms are fulfilled.