The crash of ’09, the collapse of ’10
07/04/2009 § Leave a comment
There’s no doubt that the country is up the dirtiest of imaginable creeks without a paddle. But what’s amazing is that America remains mired in stunning denial, continuing to make bad situations worse with useless bailout plans and messing around with the world instead of facing up to the reality that its time as a hyper-power is up, that’s its economic system has failed and that its only recourse is to end its adversarial doctrine and get out of its lost wars as painlessly and honourably as possible. There’s no point in going on flogging dead horses. The only sensible thing that survival demands is to craft a new moral economic and financial system and a moral foreign policy.