Paul Krugman: America’s Unlevel Field

[chervilant]

6. True that...

The obscenely wealthy corporate megalomaniacs are scurrying around like cockroaches in the dawning light because their wealth is an illusion. Their hedonism has resulted in the massive Black Hole that the brave and erudite Brooksley Born called the Dark Market. With a current notional value of $680 TRILLION, the 'worth' of these worthless financial instruments exceeds the combined GNPs of EVERY NATION ON THIS PLANET by a factor of ten.

The entire system is broken. Our global economy is undergoing catastrophic change. I find it disheartening that our 'leaders' and 'economists' continue to discuss this issue as though there is a 'recovery' just around the corner. I am equally distressed by the willingness of so many of the Hoi Polloi to snarf the corporatists' 'recovery' red herrings.

We are witnessing a global cultural crisis, and some folks are just not ready to acknowledge that.

Time for change. I am hopeful, now that #Occupy is spreading across the globe. Like you, I hope ours will be a non-violent revolution, promoting Satyagraha.