Beneath the financial crisis waits a nastier beast - Opinion - smh.com.au

heffalump4

heffalump4
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Consider the Great Depression, to which some are ominously likening this crisis. Latin America, which was hit particularly savagely because of its significant trade links with the US, retreated into a shrill form of nationalism. The result was the rise of fascism across the continent. The... more

Reviewed by bygracenotmerit Oct 12 2008, 08:40pm ( 4 reviews ) • smh.com.au

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Rated by Kaose on Oct 13 2008, 9:53am

Actually, I would love to see more poor to middle class people getting angry at the rich fat cats in banking. We need to disassemble banking as it exist today (along with the Federal Reserve, which is neither federal or holding any reserves) and switch to a non-profit federalized form of banking. The only way I can see this happening is by force.
Rated by bygracenotmerit on Oct 12 2008, 8:40pm

Consider the Great Depression, to which some are ominously likening this crisis. Latin America, which was hit particularly savagely because of its significant trade links with the US, retreated into a shrill form of nationalism. The result was the rise of fascism across the continent. The Netherlands witnessed a series of riots, increased xenophobia, and the emergence of the National Socialist Party. And most infamously of course, there was Germany. With the national economy overwhelmingly financed by American loans, the collapse of the New York sharemarket had a devastating impact. A desperate working-class sought solace in communism, while an emasculated middle class leapt sharply to ultra-nationalism. The familiar consequence was the ascension of the Nazis, whose support base suddenly broadened.
Rated by heffalump4 on Oct 12 2008, 8:29pm

Brilliant article that examines the socio-political fallout from the financial crisis.

Installing is Easy!