|Does the economic crisis, which send not only the US but potentially the world economy down the gutter will marks the end of free market capitalism and starts the new era of state capitalism pioneered by china? and will it make the world starts learning to live without the US?, In year 2006, some Economic gurus has already predicted that after Beijing Olympic 2008, the world economic will meltdown. I think it's about time for everybody to develop a "parallel economy". That means, continue dealing with the US wherever contracts are in place, but also start looking for alternatives in other countries. So when the final crash comes, you'll be ready to continue - not quite "as usual", but my point is that is similar to a person being able to live without a leg that had to be cut off due to whatever medical condition. It's not nice, it's not the ideal solution, but it's possible. even the Russian president Medvev proposed just that to the European Union! In very clear terms he recommended them to forget about that (the US) and to go on with our lives. this according to http://www.telegraph.co.uk/news/worldnews/europe/russia/3159998/Russian-president-Dmitry-Medvedev-calls-for-Europe-to-freeze-out-US.html
And looking at how things are developing, I can tell you already that this will happen in the future, how does the US gain the world confidence back after this disaster?