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The civilization will be saved: history shows that wealth disparity falls with each depression:

Most of the recent millionaires did not smell much of real private prosperity. They just saw they electronic accounts inflated temporarily.

For some reasons, catastrophic crashes do not serve wealth or power concentrators well apparently, but restore decent parity (for the next cycle of greed).

by das monde on Fri Oct 10th, 2008 at 05:10:06 AM EST
European Tribune - Poor Captain's Almanac
Still, it seems to me what we are seeing in essence is a purging.

bingo!
illusions meet reality, guess which wins?
nice diary, gracias.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sat Oct 11th, 2008 at 07:10:57 AM EST
[ Parent ]
Popping a bubble and lancing a boil are perhaps comparable?

You can't be me, I'm taken
by Sven Triloqvist on Sat Oct 11th, 2008 at 07:21:39 AM EST
[ Parent ]
letting go a gigantic fart?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Sat Oct 11th, 2008 at 08:58:00 AM EST
[ Parent ]
You mean Bush in November?

You can't be me, I'm taken
by Sven Triloqvist on Sat Oct 11th, 2008 at 09:19:38 AM EST
[ Parent ]
Ah Sven, always seeing a layer deeper.

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Sat Oct 11th, 2008 at 09:38:28 AM EST
[ Parent ]
no, i meant all the bloated gas of toxic paper in the international financial system...

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Sat Oct 11th, 2008 at 12:28:53 PM EST
[ Parent ]

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