As I have often said on this blog, crisis can be an opportunity to re-shape our world to a better place for all. However we of the left are not the only ones that see this crisis as an opportunity. Capitalism itself, is a beast of renewal and can fashion itself from the rubble of its own creation. Also the far right will seize the moment and pray on the fears and anxieties of the people.
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.
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