China's criticism that the US is failing to live within its means is a little rich given that it has benefited so much by the US's debt addicted, three decade long consumer binge. But that aside, China does have a point. And so does Standard and Poor in its historic downgrading of the US's credit worthiness, despite the dispute over an alleged US$2 trillion maths error deemed by S&P as 'neither here nor there'.
So how should sustainability geeks understand and respond as the world once more (or still) stands on the brink of a financial sector-precipitated economic and political crisis?
Read the rest of this fascinating article at Debt, Sustainability and the Long Con by BusinessGreen.com
