I don't think you have any idea whatsoever as to why the economy is in recession worldwide.
This has nothing to do with being sick of war, or businesses like superstores etc.
The ease at which lending institutions gave credit to people is to blame, especially to people who theoretically couldn't afford such credit.
The subprime mortgages that were offered to so many people was a ticking time bomb.
Subprime mortgages mean that people got lower than standard interest rates for a limited time, between two and five years. After this period expires the interest rate soared, and with it the repayments.
This was not too much of a problem while house prices were rising.
If someone could not afford the repayments, they or the bank could sell the house at a profit to cover the debt.
This system collapsed overnight as house prices stagnated and started falling. The bubble burst.
Because of globalisation, so many of these debts had been insured by financial institutions worldwide. This is called risk-sharing.
During the same boom period, so many people throughout the world were living it up on their credit cards. (I don't own one and never will).
The result of the bubble bursting is that suddenly, all over the world, financial institutions were loaded with absolutely huge debts, the negative value of which were impossible to calculate.
These are called toxic assets.
The capitalist system collapsed practically overnight.
It was the failure to regulate this global economy that allowed this situation to flourish, and the financial institution's absolute rejection of any controls whatsoever. Indeed existing controls were swept aside during this credit boom, all in the name of PROFIT.
Greed is a better word.
The bankers were paying themseves wonderful bonuses, rewarding themselves handsomely for this time bomb that they were creating.
After the collapse of the financial sytem worldwide, had governments NOT stepped in to bail out these crooks, Every Bank, followed by the whole world, would have simply gone gone bankrupt.
You and I would NOT have recieved our pay checks, businesses would not be able to trade with each other any more.
Economic destruction and depression would follow.
I personally don't think governments acted quickily enough, or pumped enough money into the system.
That is why further bailouts had to follow.
It is still possible that the world economy declines into depression.
To avoid this, these "toxic assests" must be guaranteed by all governments worldwide, using our taxes. These are, after all, the sum of all of our combined debt.
We would, in the end, only be insuring ourselves.
When these debts can be removed from the equation, then the financial institutions can start doing business with each other again.
The capitalist system can be rescued.
We must NEVER allow this situation to happen again !
A worldwide investigation should be initiated and high flying heads should roll as a result.
There are so many that were totally negligent in their actions.