Surviving Capitalism (Not) : Bernanke who?

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

Wednesday, February 3, 2010

Bernanke who?

by Julian Delasantellis from Asia Times Online.

Will investors in international equity markets have the same prescience, or will they just react in the same way they did to the market top in autumn of 2007, with denial, ignorance, and reliance on hoary old hidebound cliches in place of facts? The facts being that the bird in question is actually and indisputably dead....