Monday, Dec 22, 2008
The death of capitalism?
Telegraph: Protectionist dominoes are beginning to tumble across the world
The riots have begun. Civil protest is breaking out in cities across Russia, China, and beyond.
Greece has been in turmoil for 11 days. The mood seems to have turned "pre-insurrectionary" in parts of Athens - to borrow from the Marxist handbook.
This is a foretaste of what the world may face as the "crisis of capitalism" starts to turn two hundred million lives upside down.
We are advancing to the political stage of this global train wreck. Regimes are being tested. Those relying on perma-boom to mask a lack of legitimacy may resort to the usual methods: trade barriers, sabre-rattling, and barbed wire.
This crisis has already brought us a monetary revolution as interest rates approach zero across the G10. It may overturn the "New World Order" as well, unless we move with great care.
6 Comments
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1. plato said...
Must admit, I like reading Ambrose' articles, he has a knack for producing exciting journalism. Not that there is a shortage of material nowadays. Looking at this wider picture it is difficult to deny we are entering a phase of great change and that in fact it could be a violent change,brought about by the most widely worshipped and in many cases the only belief :- Money
Probably most scientists would say that great change is always violent proportionately -- I don't actually know --- However we should be aware of the possibilities that are forming obviously and daily. In this way we may avoid some of the upheaval developing around us. Some may complain of it's position on this site,but for me; a great post from l p.
2. Realist said...
The fact the economic crisis will turn into a social one is not in question here - it will.
The question is how tolerant and lawfull the society is.
Newspapers obviously trying to benefit from the news like this one - well, this is what they got paid for and it is hard to blame them.
However jumping into such a strong statment without understanding the full picture is somewhat stupid or hysterical to say the least.
3. Chris said...
Ambrose Evans Pritchard (the writer of the above piece in the Telegraph) is a NWO/Globalisation establishment lackey. For the last three weeks with his colleague Edmund Conway he appears to have been running a deflation propaganda department within the Telegraph writing scare stories about deflation almost every day. The end result of his propaganda is that some people have been conned/prepared into thinking that the solution to the crisis is to print money and risk hyperinflation. Surprise, surprise this is what the BoE wants to do!
4. Dwindlingcash said...
According to my close friend in Athens these riots are anti NWO and it is not only students,but older people/ everyone who are joining in.
Maybe this site should indeed tolerate some so called conspiracy theorists if only to be ahead of the game. People are awakening, like a wave around the globe.
5. sold 2 rent 1 said...
wait for autumn 2010
6. Eternal Sceptic said...
Do you relly think the people of the western world would have the discipline to wait in line in soup kitchens? The way everything in unravelling this could be a reality of life inside 2 years.