Capitalism takes a lot of killing

Posted by John Malloy on 10/12/2008

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PETER C. NEWMAN

As I frantically leaf through the daily dispatches from the killing
fields of Wall Street and count the mounting casualties of American
capitalism’s formerly invincible totems, one haunting thought repeats
itself.

Referring to a similarly tumultuous period in Hawaiian history, the
iconic American novelist James Michener described the series of
cataclysmic events on the islands as “a time when the gods changed.”

No lesser concept can encompass the massacre of Wall Street’s bulls
and the defenestration of the men and women who considered themselves
masters of the universe and displaying a fearful arrogance that knew no
bounds.

By any standard, the current upheaval in American society — economic, political and psychic — is unparalleled in recent times… www.theglobeandmail.com

Posted by John Malloy on 10/12/2008. Filed under International. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry