History [pretty much] repeating itself
Listening to: nothing, really...
History has shown us that uncertain crowds desire "strong" leadership.
Hello Fascism!
... Didn't anyone pay attention in Grade 10 World History class?
Reposted from: euro|topics (18/02/2009):
Correio da Manhã - Portugal
Domingos Amaral on the effects of the economic crisis
In a commentary for the Correio da Manhã Domingos Amaral paints a bleak picture of the current economic crisis and the havoc it may wreak. "The worrying originality of this economic crisis is that it seems to be immune to traditional solutions proposed in economic texts. Past crises have taught us that central banks must sink key interest rates and governments must invest more to get them under control. This has all been done lately. ... But the current crisis is like a car stuck in the sand whose wheels keep digging themselves in deeper. The frustrating truth is that today governments and central banks are unable to control the global crisis. The globalisation of finance has created a monster that no country can tame. This monster is like a gigantic fire that is suffocating the economy. In its fury it leads to a spiralling unemployent and growing frustration that can call everything into question in the short term: international trade, the euro, the European social model, political regimes and parties and who knows, perhaps even democracy." (17/02/2009)
History has shown us that uncertain crowds desire "strong" leadership.
Hello Fascism!
... Didn't anyone pay attention in Grade 10 World History class?
Reposted from: euro|topics (18/02/2009):
Correio da Manhã - Portugal
Domingos Amaral on the effects of the economic crisis
In a commentary for the Correio da Manhã Domingos Amaral paints a bleak picture of the current economic crisis and the havoc it may wreak. "The worrying originality of this economic crisis is that it seems to be immune to traditional solutions proposed in economic texts. Past crises have taught us that central banks must sink key interest rates and governments must invest more to get them under control. This has all been done lately. ... But the current crisis is like a car stuck in the sand whose wheels keep digging themselves in deeper. The frustrating truth is that today governments and central banks are unable to control the global crisis. The globalisation of finance has created a monster that no country can tame. This monster is like a gigantic fire that is suffocating the economy. In its fury it leads to a spiralling unemployent and growing frustration that can call everything into question in the short term: international trade, the euro, the European social model, political regimes and parties and who knows, perhaps even democracy." (17/02/2009)