The current state of the global economy - ie what happens to us all in the West - is only a crisis from the perspective of those on the receiving end. For the powers that be - the big banks, global corporations, and major landowners, everything is proceeding according to plan.
What we're witnessing is a particularly blatant episode in the huge redistribution of wealth from poor to rich which has been going on since the 1980s, reversing the more egalitarian post-war redistributions of the 50s and 60s. The poor are being divested of their ability to buy and hold property at an alarming rate, their "savings" are about to be destroyed by extremely high inflation, future education, welfare, public works, and healthcare budgets have just been spent in advance in the "bail-out", and assets with any concrete value are being placed into the hands of the mega-rich.
The future for most of us is indenture - lifelong indebtedness to the banks in return for a roof over our heads, little different from the indentured serfs and tenant farmers of the Middle Ages.
What floors us here at Manuscripts Don't Burn is the scale of their blatant audacity - not only harnessing the media-government complex over the past 20 years to ensure astronomical indebtedness amongst the population, but then actually forcing them to pay *twice* by "bailing out" the toxic debt which their pea-under-the-stone "trading instruments" have excreted. You couldn't make it up - as Dubya has so famously said, "You can fool some of the people all of the time - and those are the ones you should concentrate on".
Why aren't people rioting in the streets? Our allegedly-elected government has finally admitted it's in bed with big business and working directly against our interests, and we just roll over and turn the telly on?
Thank God at least our governments have been repealing our civil rights and introducing all that draconian "anti-terror" legislation. That way, they can club us down and lock us up when we start protesting at our coming homelessness and hungriness, and it'll all be legal!
Ignorance is Strength, indeed.