Reply #15: The actual bankrupcy

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and structural catastrophy is considered irrelevant in a world where image is the only measure of fact. Dictatorship of the image generalizes reframing as the only acceptable mode of discourse. As soon as a minor glitch creeps in (e.g. NOLA), a glimpse of reality fleetingly supercedes the image, soon to be reframed again and buried like a thread at the bottom a forum. This country had in 2000 the opportunity to face its crisis, starting with the point where it emerged, and it cowered. As I see it, this was a missed opportunity and it will not come back before facts strike.