I really like the idea of co-op factories. Executive compensations are ridiculously high and often times they result in worse results the higher the bonus or compensation. There is a great video on TED.com called "The surprising science of motivation" about this very counter-intuitive fact. I would like to see the co-op factory concept put into practice in the US.

Bunch of commie BS. Hope you hammer and sickle types enjoy the shared misery. The federal reserve bank and the economically elite are driving the plutocracy that gives us the guise that this is the status quo. Disgusting bunch of liberal utopian pipe dreams. End gratuitous welfare, amnesty for illegals and put a embargo against goods from mainland China for a start. George Orwell is laughing.

bring up argentina's 2001 financial 'climate'. our economic woes are stemming from a credit shortage (which isn't allowing both major and small business to operate at full capacity and in turn resulting in layoffs) and deregulation among securities (as well as the increased practice of bundling debt/real estate and anything else as securities - which was popular because of the lack of regulation) and real estate (which feeds into the credit shortage as many small businesses use the equity in their homes as collateral to fuel their business while individuals use it to fuel a consumer-based lifestyle)....while in argentina it stemmed (like noted in the piece to depegging their currency from one standard to the US dollar) basically from a devaluation of the currency. because argentina didn't believe there would be such a economic problem from pegging their currency to the US dollar there wasn't much of a safety net put in place first to make the 'transition' doable for the work a day folk in the country. this administration has tried to reinforce the safety net structure (extended unemp benefits, low interest loans to the 13 states who have run out of unemployment benefits, an expanding of eligibility requirements for medicare/food stamps, etc) which will keep everything afloat until the market can correct itself. a better corollary would have been japan's recession during the 90s when it cycled between recession and inflation.... as our next big concern will be inflation post the recession.