Tuesday, September 30, 2008

Soup Kitchens Planned for Wall Street

My family business survived the stockmarket rout yesterday, posting the second highest gain of the day. Everybody has to eat I suppose. If you can't get a bail out, the least you can expect is a hand out.

No one has any idea where this ends. For all the focus on the bailout and its vexed passage through the US Congress, the issue really is -- must be -- deeper. The issue is in the bowels of the market economy, in its fixation with debt funded by the proceeds of airy speculation. That can't end well.

We are standing in the centre of a moment. The best we can do is watch it unfold, witness to something big, something that has the uncertain, chaotic makings of history.

Now do bankers prefer Cream of Tomato or Cream of Mushroom?

Thanks Crikey.


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James Higham said...

Ham and pea please, Colin. With toast.

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