just my thoughts - fwiw

1. The world was led astray with very low interest rates on borrowing and an amazing amount of money available.

2. Companies, people, states, hedge funds availed themselves of this cheap money and borrowed, and borrowed, and borrowed.

3. Meanwhile, the multinationals had sought, found and established themselves in countries were production costs were cheap. Very cheap. This occurred whether the product/process was inconsequential (soft toys) or vital to national interest of the nation (electronics/rail stock/mundane hardware/ etc).

4. There was a flow of 'funds/borrowed money' into malinvestments - investments that produced nothing other than 'profit', contributed nothing other than money movement, meant nothing other than those "in the know" gained 'wealth'.

In essence, there was a mass of malinvestment - investment that produced/contributed/grew nothing.

The recession/depression we are starting to experience is the market's/free world's way of correcting things.

It must continue/run until the malinvestments are bankrupted and gone.

Only then can/will the free market come back into play and reward those who contribute to it, and punish those who don't.

Again - The recession/depression we are starting to experience is the market's/free world's way of correcting things.

It must continue/run until the malinvestments are bankrupted and gone.

The government 'assistance' is preventing this from happening.

The government 'assistance' will simply make the problem worse.

This I believe.

dub