It makes the case that simply repairing the current system won't work- because it's the current system that's the problem.
The most common argument heard about the ‘crisis’, is that something simply broke down/went wrong/ran amok. The break down caused a systemic malfunction of an otherwise fine system. Thus what we need to do is ‘fix’ whatever caused the breakage in the first place and adjust things so the same thing can’t happen again.
Fixing it will require a few trillion of cash injections. And then a combination of better ‘regulation’ and a few technical adjustments such as a bit more capital here and a bit better ratings there.
The argument I have offered you is totally different. It says that we have NOT, will not, CANNOT and SHOULD NOT fix the present financial system back to its former state.
For the simple reason that the present catastrophic situation we find ourselves in, was not due to a break down in the system, but is an inevitable consequence of how that system works in the first place.
Read Part 1 here. http://www.golemxiv....anking-machine/
Part 2. http://www.golemxiv....heart-part-two/
Part 3. http://www.golemxiv....art-part-three/