Will the US remain US? Or become a neo-USSR?

The population of derivative products has grown to gigantic levels that is beyond the competence of any system, mind, or force to deal with.

S. Gurumurthy

The title is not to tease the reader. If the ongoing debate initiated by Martin Wolf, associate editor and chief economic commentator in Financial Times and Prof. Nouriel Roubini, professor of economics at New York University, is to be given a title, that could be this.
Wolf, whose Wednesday columns in FT are discussed by fifty most influential economists of the world, is a mainline economic thinker. Roubini, who has held different positions in US government, now occupies important seats in academia and runs Roubini Global Economics [RGE] Monitor, an influential Web site.

link: http://www.thehindubusinessline.com/2008/03/19/stories/2008031950080900.htm