The question arises as to what is destroying what?

In the end, the present global problems were caused by
politicians of the US and EU, who have failed in their
tasks.

A number of economists forecast years ago that longer term
the EU was bound to crash. Seems they were correct. In the
US we have a political stand off which is the problem, the
market is claiming that poltical solutions being proposed
are simply unsustainable.

Greece became a disaster by politicians borrowing forever
more to bankroll their porkbarreling. Don't blame capitalism
for the disasters that democracy is creating.

Our real problem is that democracy has yet to find a way to
find more intelligent politicians

Yabby it is the US Federal Reserve.Ron Paul is right.END THE FED!

We have not yet found some thing better, but we will/must.
It can not last but must not be replaced by past failures like Socialism.
I do not refute the truth, Australia is in part Socialist, under any current form of government, and would not change that.
The term so often used wealth creation is in my view an enemy of most of us.
America,s super rich, not wanting to contribute tax increases.
Ones that would bring them up to rates lower paid workers pay, is used to talk about this wealth creation, as if its a religion.
Our worlds richest Nations, America China India should, each of them, be looked at from the very poor who live on those country's streets eyes.
International trade/ money is the oil that drives humans,we should watch it never confines us as we come under a new ism to maintain the wealth of the few.

So Yabby what you think intelligence is? Do you have a definition?

Or do you judge or assess a person's intelligence by the degree to which they agree with your opinions?

...I remember (a long time ago) John Howard defining capitalism as anything making money in any way...Can,t see that system changing until all humans are reincarnated...

Mollydukes, I'll answer your question this way:

If you think that the smartest people in America are sitting in
the US Congress, or that Australia's smartest people are sitting
in our parliament, then you are free to do so.

If you think that George Bush was the smartest man in America at the
time and thus should have been president, you are again free to
think that. You can also believe that Tony Abbott is the smartest
man in Australia on the conservative side, so is ideal to lead
the next Govt.

On the other hand, you might disagree with these notions, in
which case you would have to concede that I have a point.