Editor’s note: This article was first published in May 2012 in the middle of the eurozone crisis; its phrase “look at where we are now” refers to Spain at that time.
We often hear prestigious economists telling us what governments should do to get out of the crisis. They tend to use language that is sometimes very hard for ordinary people to follow, although the truth is that many of those economists are just as lost as everyone else. In fact, you only have to look at where we are now: far from improving, we are sinking deeper and deeper into the mud.
Victoria Grant is no cleverer than other children her age; I have heard other children say what she says in this video on several occasions. Victoria doesn’t want to close banks, nor does she want to put bankers in jail. She simply wants to offer a solution to the crisis that would be perfectly workable if it were carried out. Some will laugh, others will say it can’t be done, but the truth is that it would be a very ethical, honest and certainly viable approach (make no mistake about that). Of course, Victoria Grant is young and, even though she has dabbled in global economics, she doesn’t know the consequences of what she is proposing.
Her speech contains the solution to the crisis, but in a way it also contains the recipe for the annihilation of capitalism. Victoria also doesn’t know that if the world had no debt, money would have no value, as we explained when we covered the documentary “Money as Debt“. Nor does she know the sad reality that for there to be wealth, there must be poverty. I’ll leave you with the video of this charming girl, who reminds me of another girl who silenced the UN a few years ago, although years later the UN completely ignored the very speech that had silenced it.
Watch: Victoria Grant’s speech
Featured image: 方畢可, CC0 1.0, via Wikimedia Commons.
