From alleged democracy to "businesstoCRAZY" to economic ruin!
A smile of "Ahhhhh" and then a giant, sad feeling rolled over me as I read an 18 month old blog by Andy Hobsbawm from 30 April 2007. Hobsbawm was writing in his blog, "
It is November 2008 and the ruling class "giants", the "businesstocracy" including the once might RBS, Merrill Lynch, CitiBank and the worshiped Goldman Sachs and so many more, who had have set about to collect all the marbles in the game of life, may have destroyed the economic game in which they made the rules.
In 2008, we have seen the collapse of RBS, Washington Mutual, CitiBank, Bear Stearns and the all powerful Goldman Sachs. The shell game of who has the money now is over. The difference in this game was one of scope of size in the shell. In this case, three card Monty wasn't for the one dollar a game variety it was for legalized pocket picking of billions of dollars with each play of the the game.
In "collecting things" (called money) they, the "giants", all may have set the world back to the likes of the Great Depression of the 1930s. The extent of the depression may not be seen in the same way as the '30s but for many the effects will be felt in the same way or even worse.Will the decade of the 2010s be the new Great Depression?
Only time and history will tell, but already, during the last year, the world has seen a world economic collapse which is hundreds of times greater than that of the 1930s and for many the new depression is just beginning.It will not matter what the politicians and "leaders" of the world call it, for many it is already the new depression.
For the real poor of the world, in the undeveloped counties, the new depression will have no immediate effect. They have always been the worlds' neglected and will continue to be.
If the old order ran as a "businesstocracy" the new social and economic world order will require new rules and new leaders.
The question that can be answered rhetorically, "Did the world have any leaders during the last 20-30 years?" INDEED! It was the "businesstocracy"!
If one simply replaces the second letter "c", in businesstocracy, one has the reality of that old ruling class and the games played with other peoples lives: buinesstoCRAZY.Long live the new order ... what ever that is!
