capitalism - Most popular for September 2008
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Newcastle fans are revolting.
A statement which some might argue is true on more than one level.
For the purposes of this blog though, and so as not to upset Mosher, lets pretend we are just
talking about the scenes of protest yesterday in the city and outside St James Park.
The Financial Times: "The panic in the world credit markets reached historic intensity [on
Wednesday] prompting a flight to safety of the type not seen since the 2nd World War."
Why aren't any of the agents of capitalism attempting to justify their noxious belief in "free
markets" now?
There is no such concept in Reality as a free market, there never has been and there never will be.
In the coming hours, the largest ever transfer of money from labour to capital will become a
Hyperreality.
Capitalism is dead.
Long live capitalism.
George Soros: "Paulson cannot be given a blank cheque."
Naomi Klein: "... nobody should believe the overblown claims that the market crisis signals the
death of 'free market' ideology.
