It is fascinating to watch men in suits panic while the house of cards that they built falls around them ...
I am by no means an economist. But I have a strong interest in politics, and am developing an even deeper curiosity into the relationship between how our society governs itself and the economic systems we create.
And as a devout liberal social democrat, I should be overjoyed at seeing the events unfold over the past few weeks in the western world markets. Institutions exposed for their ineptitude and greed, resorting to calling for a lifeline from the very governments that habitually shun regulation. Administrations rushing to reach into the coffers to bail out the financial system that has fed them. Unfortunately, the governments in charge of fixing the problems are no better than the ones who caused them in the first place.
Have we not learned from these mistakes before?
This is Revolutions - the perpetual cycle of history.
Image by Hobo