My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.
Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which lose connection with reality in the markets, shops and communities of the people.
The EU will face problems similar to the US: an increasing gap between the citizens and decision makers in Brussels and a perceived or even real lack of democracy.
The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price.
There is a huge shift taking place in the global awareness in the last 5 years with strong views about globalization and the power structures of major corporations.
