I wonder if minor corrections might not prevent the kind of irrational exuberance that leads to bubbles and recession or depression. Some pre-emptive economic measures that cut back yet reload might allow continued economic growth-even though that should be in quality rather than quantity. The national ecosystem is quite over-stressed and requires substantial work for recovery.
Mexico might benefit from some externally stimulated discipline. The Mexican economy relies too much on oil and drugs, its good workers flee abroad and criminals in and out of government take a larger share than they should. I think the genius required to transition to a sustainable economic infrastructure is too great of a challenge for any U.S. politician. Quality just doesn’t enter politics any more. Mexico has similar problems in that a paucity of ecological economics literate politicians prevails.