Wednesday, November 30, 2011

Crises Can Be Openings: Defeating our enduring fatalism.

This article was written by Sasha Lilley.  She’s the author of Capital and Its Discontents from which this piece was taken.

The past several years have witnessed the spectacular unraveling of capitalism, or so it has appeared.
Venerated investment banks have vanished overnight, titans of industry have permanently shuttered their doors, and rich nations have lurched perilously close to default. The ideology of the free market, once seemingly unassailable, lies in tatters. While the death knell of capitalism may not yet be tolling, the crisis is undoubtedly of a different order of magnitude than anything seen in decades.