Sun 28 Sep 2008
A Shattering Moment in America’s Fall From Power
Posted by k under Democracy , Finance , Globalization/EmpireNo Comments
The global financial crisis will see the US falter in the same way the Soviet Union did when the Berlin Wall came down. The era of American dominance is over
by John Gray Guardian U.K. 9/28/08 (Seen on Commondreams.)
The dire condition of America’s financial markets is the result of American banks operating in a free-for-all environment that these same American legislators created. It is America’s political class that, by embracing the dangerously simplistic ideology of deregulation, has responsibility for the present mess. (more…)