One would hope that a crisis would be a teachable moment,
but too often in history, it is just a moment. The Great Depression gave us
fascism, intensified terror in Stalin's Soviet, Japan's invasion of China, a bloody
civil war in Spain, the rise of Hitler and World War II. So much for teachable
moments....
The currents crisis is a crisis for globalization due to
unregulated markets, political corruption and extreme inequalities. It is also
a crisis for the idea of democracy, democratic capitalism and world economic
and political cooperation. If we leave it to Wall Street to defend capitalism,
it is doomed.
Hans
6 days ago
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