Why Are We Lying to Ourselves About Our Catastrophic Economic Meltdown?

By Arun Gupta, AlterNet
Posted on September 29, 2009, Printed on September 30, 2009
http://www.alternet.org/bloggers/www.alternet.org/142975/

Over the last year, the world has received a crash course in real-world capitalism as the follies of Wall Street nearly torpedoed the global economy, which had to be rescued by a trillion-dollar government handout.

Economics, the study of systems of production, distribution and consumption of goods and services, touches virtually facet of our lives from work, recreation and home life to entertainment, culture and social relations.