Surviving Capitalism (Not) : Euro crisis unresolved: the cycle of stupidity continues

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

Monday, October 31, 2011

Euro crisis unresolved: the cycle of stupidity continues

Click here to access article by by Jérôme E. Roos from Reflections on a Revolution (RoarMag).

I think that this piece provides a very good explanation of why the recent European agreement regarding the Greek debt crisis is not really a solution that has any staying power. It looks to me like members of the world capitalist class are fighting among each other as to who is willing to take a hit in their financial pockets; and being the grasping sociopaths that they are, this agreement will only stir up more intra-class fighting.

Instead, we may very well see the global banking house of cards collapse from all the fraud that it is built upon. Witness today's bankruptcy of the investment firm of MF Global led by an alumnus of Goldman-Sachs and financial wizard, Jon Corzine.