Keen on? with Paul Kedrosky : ?As bad as 1929? (TCTV)

While most economists tiptoe nervously around the D word, Dr Paul Kedrosky has no inhibitions about throwing this verbal grenade around in public. We?re in an economic depression, Kedrosky told me when the San Diego based CNBC business pundit came into the TechCrunch.TV studio last week. ?As bad as 1929?, Dr Kedrosky described a situation in which all the governments in the world might have to ?collectively default? if we are avert economic catastrophe.

And it?s not just the world economy that, according to Kaufmann Foundation Senior Fellow, might be dying. While Dr Kedrosky?s doctorate is in economics rather than medicine, death seems to be a major preoccupation on his mind. Whether it?s the death of big venture capital, the death of American airline industry, the death of market fundamentalism, the death of American welfare capitalism or the death of the global economy, Kedrosky ? the author of the Infectious Greed blog - is at his most provocative when announcing the demise of a significant idea or institution.

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