Friday, January 23, 2009

Denial

Our economy is in shambles with the nation's treasure being squandered in a desperate attempt to rescue our corrupt and profligate financial system from insolvency. Millions of citizens are confronting unemployment, or foreclosure, or the impossibility of retirement, or lack of access to health care, or some combination of these. The luckier among us are merely confronting nauseating insecurity. Capitalism is in severe crisis and its catastrophic collapse, if not certain, is uncomfortably possible. Yet it is now clear that if the crisis cannot be remedied with solutions emerging from within the bounds of conventional economic thinking and entrenched political ideology, then the crisis simply will not be remedied.

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