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So the financial system has crashed but, unlike 1929, the elites have gamed the system in such a way that they walk away practically unscathed and it's the poor, working and middle classes who take the hit.

And what's worse is that the quip about american Idol is correct. Even now many, both in Britain and the US, will be outraged if you suggest that there are other, better ways of organising things. So long as there are people worse off to compare themselves to, people don't seem to mind suffering absolute decline in wealth.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 3rd, 2008 at 10:08:48 AM EST
Excuse me?

In 1929 the elites lost some of their shirts, but over the following 10 years it was the poor, working and middle classes who took the hit.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Wed Mar 5th, 2008 at 06:27:34 AM EST
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