Thinking about the various problems with the economy, and looking at the various ideas that people have, it appears to me that overall, what people want most is the liquidation of the financial system and elimination of debts by one way or another, so that we can start clean again.
Up until now, I have been pretty skeptical of this idea, because I've always it would be too painful, and it'll bring a lot of hardship on people. But the more I read, the more that it's clear that this is the overwhelming consensus of most people.
If there's one thing that trumps economics, it's politics. That is true in the modern world because our societies are basically abundant. We have the capacity to be quite prosperous. The key question is how we choose to act politically. And as democracies, it's the will of the majority of people that matters. If the majority of people want to liquidate the present financial system, regardless of the cost to pain, then ultimately this outcome must prevail.