There is an unjustified optimism about where the world now stands, at least in relation to the financial crisis that came close to destroying the global economy from the middle of 2007.It is widely held that the worst is over and we are now on the path to recovery. By “recovery”, most seem to expect that things will gradually right themselves and we will get back to “normal” – “normal” being the way the West was before the crisis hit. Nothing, so the belief goes, needs to change.The reality is d…
