We have something like that in California. It is basically a direct democracy where we vote for measures, state congressional bills written in the assembly. I don't know what to think of it on the personal experience that Californians are for the most part to stupid to actually use common sense. Most are so liberal/progressive and usually blind democrats (will only vote democrat regardless of who it is) and will vote so regardless of the consequences.
One of the things not mentioned is exactly how bad the US is doing, or that the reason other countries are collapsing is a direct result of the US economy being worse. Here is the low down, the Euro is a currency not based on anything, merely the American dollar, the American dollar was backed by the gold standard but due to Quantitative Easing, the USD is volatile, making other currencies just as volatile. With QE, it comes down to one guy, which is unregulated and can print as much money as he wants in complete secrecy. Some will say that this makes him the most powerful man in the world because he can control the inflation rate of the western world. When the easing doesn't work (which it never has) all that is left is a depreciated dollar which then trickles down to the nations of the EU. It is to a point where the economy in china is collapsing because we are in debt in the hundred trillions, they expected a continuous economic growth and built huge cities designed for 2Mil+ people with that are ghosts towns from the world economic slow down. Their employee wages are also going up which have been leading to the US and the EU nations to begin pulling away from their Chinese factories.
Regardless there has been an unstable system that has not been put into check and civil unrest has begun to reach its peak, the economies of the world are beginning to collapse. Fortunately, with the age of the internet, the people have been educated enough to begin to speak out and are out making a difference. That's all that we can do for now, but that is all that matters right now, just being aware of the world stage.