Tuesday 7 June 2011

A world at financial war

The scale of the struggle between irreconcilable economic interests and the extent to which the outcome will reshape our societies seems to be very imperfectly understood. I recommend this article by Michael Hudson.

"... the financial sector will proceed with buyouts and foreclosures until it possesses all the assets in the world, all the hitherto public assets, corporate assets and those of individuals and partnerships."