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
Tuesday, June 26, 2012
EU doom loop: bank bailouts reveal true roots of crisis
This is the first time that I've encounter the term "doom loop" which the author expands on in this article. It also contains several very interesting videos and links, and so far I haven't had time to read/view most of them. It appears to me that the material offers some valuable insights into the intractability of the present banking/sovereign debt crisis in Europe.