More than one type of re-balancing needed.
One of the recurring themes of the current economic crisis is the idea of re-balancing the global economy.
But where are the imbalances? Most would think about the West vs. East, or developed vs. developing countries.
It is certainly true that those imbalances will have to be sorted out, but it turns out that there are other less overt imbalances which threaten to undermine the current economic order.
The Beatles Revolution returns four decades later and The rise of the new global Elite are posts that describe two more imbalances; they are from Bloomberg and the Atlantic, not exactly socialist papers last time I checked :-)