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I think that the credibility of the FT, the Economist and all the rest will be cruelly exposed in the months to come because they simply and demonstrably will not have a solution to the "Credit Crash".

Money as Debt is terminally fucked - and that takes the whole narrative with it.

As for "taking power away" those in charge will IMHO actually cede it willingly: they will be hoist by their own petard because they will be "out-competed" by an optimal - collaborative, and "asset-based" - enterprise model.

Classic Darwinian emergence: the financial system will be Napsterised and Equitised.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Thu Jan 3rd, 2008 at 02:21:25 PM EST
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