Serbia has been in a deep social and economic crisis for more than twenty years. This crisis has deepened during the last year. The fundamental causes of the crisis lie in the flawed concept of economic reforms that was imposed on Serbia in 2001. This was reinforced by the negative selection of leaders in the political sphere - starting with the parliament and spreading to local governments and public companies. The new parliament and the new President of the Republic and all parties have to do the utmost to overcome the crisis of politics as soon as possible in order to form a better and more competent government which would adopt optimal short term solutions which would prevent an economic and financial collapse. With the maximum engagement of the academic elite a vision of the social and economics system should be adopted which, if adequately applied, would prevent Serbia from becoming a de facto colony, which would be a sin against future generations.