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Sunday, March 22, 2009

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Alex Tolley

Do we actually want a repeat of history?

Arguably Morgan kept the financial system intact, leading up to the immense wealth concentration created by the trusts that eventually led to the 1929 crash, the depression, and the leftward political swing of the nation.

This time around we have not only the issue of the early C20th, but the whole capitalist edifice that is pushing against our planetary limits. What we need is a new form of capitalism, one less rapacious of the people and the planet. Saving banks and huge auto companies seems a step away from the necessary changes.

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