The Nordic Countries in a World in Crisis

Knowing that India and China can meet alone the world’s demand for industrial goods at higher quality/price ratios, and that the South is able to fulfill a world demand for resources and agricultural products, one Western approach was to switch from real to finance economy. Building on the old City of London-Wall Street traditions in private banking and using debt bondage as power, cheap credit and speculation has been another approach, but it backfired.