About the financial crisis
The events at international stock markets are quite interesting the last week or two. My personal interpretation is that this is the proof that an economy that is built on illusions (of infinite growth) and on bank credits cannot be sustainable. I really hope that this goes down big time, and something new and better will emerge. I’m also in big favor of the We Deserve It Dividend, this solution is too good, it can not fail.
October 10th, 2008 at 2:11 pm
Let’s see who gets to ride the next wave of angry disillusionment … I’d put my bet on fascism lite 2.0, rather then civic liberties movement 2.0, and fracturing of existing societies into smaller ones along whatever fault lines are useful, connected with a gentle (hopefully) drop in overall population in the affected areas.
October 14th, 2008 at 6:49 pm
The fascism 2.0 is already happening, and I would not call it lite…
I agree on your point about infinite grow, too.
October 23rd, 2008 at 2:40 am
The “We Deserve It Dividend”-guy’s math was off. By a thousand.