Humm…could just be an emotional reaction on my part, but I actually sensed something positive from this article.

The comments from Gordon Brown are almost identical to those from my favorite Professor, Richard Falk. He said the same thing in a lecture a few years back..“The World needs to be ORGANIZED better.” Or, at least RE-organized more efficiently in terms of 21st Century realities.

Thing is, we’ve known this for a while now, even as the crash was approaching. But it’s obviously taken this to actually HIT on a global level, to wake people the hell up.

Now that enough of them, (the rest of the International Community) are making some efforts to look for an opportunity left in the mess of the destruction, I find that encouraging.

Isn’t it ironic that the international community sees the New Deal as a success but we have right-wing pseudo-economists and historical revisionists arguing that it failed. Why?  It sets a precedent for large scale government intervention in the markets. The powers that be fear that a little wealth and power might trickle down if the government helps out the little man.

We are probably close to seeing an international socialization of the financial system.  It will be interesting to see what the ramifications of this development for the “fat cat” financiers.  The government will probably take over banks, stabilize them with huge injections of taxpayer funds, and then sell them back to private capital groups ran by the same idiots who caused this crisis in the first place.  With the balance sheets cleaned up, it will be back to the ol’ drawing board to design the next house of cards get rich scheme…