Wednesday, November 17, 2010

The fall of Capitalism

Every day brings news of more financial collapses. It started with Lehman Brothers in the US and at present there is no knowing where it will end. The ominous metaphor that comes to mind is the collapse of the World Trade Centre towers. At present we are in the phase after the initial plane impacts, equivalent to the multiple financial shocks (that money is heir to). The economic collapse that follows might be as far beyond anything we have imagined as the collapse of the towers on that day. It could mean starvation, destitution and disintegration of the civilisation we have known in recent centuries and the advent of a new dark age. We saw the fall of Communism with the Berlin Wall in 1989; are we now seeing the fall of Capitalism?


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