Riflessioni circa la natura della crisi, le vie per uscirne e le opportunità da (non) cogliere.

In the following pages, we focus on two sets of issues. First, which share of responsibility for the current economic crisis is on the shoulders of the (economic) policy as contributor of its occurrence – as the crisis is generally seen as the result of market failure – and which share of responsibility is to be attributed to mainstream economics dominant ideas, supporting that policy for the last three decades? Second, the crisis is inducing to reconsider the (economic) policies adopted in the past and considered totally inadequate by many scholars. Will the crisis characteristics, its consequences, and its potential – although not given - evolution from the current global recession to a global depression, bring to a turning point to adjust wrong choices and wrong ideas? Open answers to both issues are provided: powers at play which contributed to the (policy and ideas) crisis are still too strong to allow a turning point. Additionally, economic dynamics and economic interests of those who orchestrate those dynamics seem not to leave much room for the optimism of the will, when it is the pessimism of the intellect which prevails. Doubts still exist about which opportunities should be caught or abandoned. On the nature of the crisis and on its ways out our believes are more rooted, so they are presented here to contrast both market failure, policy failure and ideas failure.