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Why is the current global economy failing?

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Because governments of the world have bred an entitlement mentality.

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Nice try oboma you have to figure it outbursts yourself

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So we could say the Mayans were right

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Due to recession. Political uncertainty, unrest, war, rise in crimes, corruption, pollution, etc.

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ClaraListensprechen
...and the causes of the recession are...?
...the causes of political uncertainty are...?
...the causes of the rise in crimes are...?
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Many reasons are attached to each other.
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ClaraListensprechen

I'm sure the conservatives here will give you rote answers like sum's and goodoleboys, but the truth of the matter is that the reasons are complex and they all add up.

Primary of those reasons is fraud, corruption, and a basically religious belief in Keynesian model of economics (outdated 20th century theory). There were signs of trouble that conservatives just refused to see coming despite being balleyhooed as the smartest economic wizards on the planet. Greed and currency hoarding are part of it but you won't find a single conservative admitting to that, either.

About Keynesian economics:

http://www.econlib.org/library/Enc/KeynesianEconomics.html
http://en.wikipedia.org/wiki/Keynesian_economics

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Add to your list easy credit by the central banks that caused economic bubbles around the world. If you would like to see a couple of great sites, check out www.usawatchdog.com and www.shadowstats.com.
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ClaraListensprechen
Yes, that's true. And along with that, low interest rates which makes credit additionally easier...and the reason why people don't save. Money's too cheap.
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Our gov. And there spending

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Too much debt and not enough jobs

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When Goods and services are not competitive. Governments need io be transparent and Democratic. Wise investments must be made.Money is to be saved and peoples rights protected.

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A democratic economy spends more money, especially with Obama's unneeded food stamp plan, which wil eat at our government's money.
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ClaraListensprechen
Wrong. The Food Stamp program keeps our farmers from starving, too. It keeps farm products with prices high enough for people like you to buy at fair market value.
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If you are a farmer you make money, which you use to buy food. food stamps are for the poor, and y r u all over my ass?
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ClaraListensprechen
Of course, because you're wrong. In error. Consumer of bad propaganda. Swallower of fiction. Basically.
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Why are you all over my ass? and that is how the world works, I go to work, I get money, I buy food with that money, I pay bills, I pay taxes
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ClaraListensprechen
How your house works is not how the world works, that's why. You've got a myopic view of how the world actually works--that's why. Fiction remains fiction and the whole idea behind Ask is to present facts.
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one of the main reasons is because the Illuminati

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It is our democratic economy, Obama spends too much money, And with his food stamp plan, we will be spending even more money. So if you were to look at all of the debt Obama has put us in in 4 years is twice the amount George W. Bush put us in.

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ClaraListensprechen
Wrong. It's Wall Street speculators, corporations that move to China, and wage vanity wars while at the same time cutting tax rates, thus putting the debt burden onto future children. That would be the Republicans and their war in Iraq while failing to bring justice to Bin Laden.
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Yes its entitlements (Free Handouts) and spending more than you take in. we have been breed since childhood on entitlements I.E. allowances. Money for nothing. we have to many people on generational welfare, why work and add to the tax base when I can get it for nothing. We need a BALANCED BUDGET. Oh yea We haven't have a "Signed budget" since OBAMA came into office. is that Mr Bush's fault also. We need a system were our elected leaders have to live by the same rules they push on us. We need these same leaders who tell me I have to empty my pockets to give to those not willing to work to first empty their pockets and give to those same people. We need to cut costs first-hand live within our means. How about if we cut the salaries we pay these yahoo's (that would be) the President, Vice president, members of congress and the members of the senate. , Your not doing your jobs so why should I have to pay you? Than eliminate the IRS, EPA, ATF.

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People cannot govern themselves.

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Due to last few decades lot of crises seen in this world that;s why unemployment ratio increase and world economy failing every day.

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Because all our government leaders are being Donkeys at the moment, But I think at this particular moment I like donkeys more, They at least show their natures. ... Well wait they are showing it just fine right now just watch world news.

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Check out www.usawatchdog.com. It will give you a wealth of information on how easy credit by the central banks caused all the economic bubbles around the world that have popped.

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materialism

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Because population of the world has almost doubled in less than 50 years. Resources are being depleted, the environment is overloaded with people. If people had only one child per family in 50 years our economy would be good again.

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Fraud, Corruption, Greed...
Most of the world's leaders do not have qualified people in key positions. They place their friends, relatives, and only people with the same political affiliations and ideologies, etc...
For example, here in the U.S. it's a dog-it-dog world; Republicans against Democrats. Not what's best for the nation or the people who elected them, but what's best for the people who support them financially...

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profit is more prioritized than success

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New world order..

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Its so insane that the OP asked about the GLOBAL ECONOMY and Obama gets blamed for that....pray tell, what did he do to destroy the EU's economy?

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we let the governments of the world tell us how we should live ,we need a government without corruption, until that happens expect things to get worse.why would anyone spend $80-200 million dollars for a job that pays $400.000 a year,unless there was big money to be made from corruption.

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You wont like it say conspiracy LOL The New world order requires the destruction of the only true vestige of freedom (The shining city on the hill) America. GLOBAL WORLD CENTRALIZED POWER!:In the hands of a ;"Brave New 1984 Orwellian Shrugged Hunger Game"; lol I digress E.U. more or less financial chaosMid East is a tinderbox multi factored propensity for destabilizing global econ's with critical impact.x the nuclear threat..Europe sold its people into state bondage Yea!}. Underthe surface is a Crises in the Banking...Come to the U.S. a disease planted into our banking sys a preplanned collapse Private think tanks have realized major factor must come to bear on the American people to Islam oops Submit ..our sovereignty relinquishing control of currency and absolute legislative authority..I.E compromise our contract our "Legal Charter" the most potent weapon of Liberty man has ever known THE CONSTITUTION OF THE UNITED STATES OF AMERICA

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because it has become a truly globally Economy
the wealth has distributed to six billion people

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