Thursday, 16 October 2008

good question

I wonder whether all this capitalist soul searching will actually result in some tempering of the system or not. There's no historical (in my lifetime!) precedent for any action, and while things may look bad, the people who gain the most from the markets etc would have the most to lose from reform. These people being the rich and powerful of the world, makes me think they're more likely to try to weather the storm until it's business as usual again.

I can't see the rest of us taking to the streets and brandishing pitchforks or anything, so my guess is we're not really seeing the end of Thatcher's capitalism at all.

Still, it's nice to dream (but it's not enough).

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