Belmont Club: Eve of Destruction

Not to harsh anyone’s mellow but it’s another good, troubling read.

the current financial crisis is reflecting something underlying. …we might be thankful that the financial system crashed before the geopolitical system did, and not as in the case of the Great War, in the reverse order. To that extent the economic crash foreshadowed tensions which have been building for a long time. ….It’s not the financial system alone that is broken.