We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up
Friday, January 8, 2010
This blogger provides an historical frame for the current crisis with a lot of valid insights on the finance industry. Also he quotes extensively from an excellent article published in the Atlantic Monthly last May. He, like many other people in business, look at the problem of economic collapse within the framework of capitalism. However, even being limited to this framework, the article is worth reading. You should note that he has a pro-gold bias because that is his business.