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« When will this recession end ? Part 2 Do you listen to the Optimists or the Pessimists in 2009? | Main | Sporting equipment intellivating by getting a smarter grip »

January 06, 2009


finian cunningham

A pretty grim, but accurate analysis of how bad this depression is. I reckon it is the end of capitalism as we have known it. But I don’t think that is necessarily a bad thing. I’m hopeful that the dire straits will invigorate new thinking on what the economy is supposed to achieve. I hope it may lead to an enlightened socialism to harness technologies and production in order to meet real human needs in a much more democratic, equitable and sustainable way. As opposed to merely enriching a small minority and forcing the majority into deeper and deeper poverty, ill health, ill education and ultimately barbarity. That is the logical conclusion of the kind of economy we have had up to now. We have got to now break the cycle and create a new paradigm.

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