Infectious Greed wonders about Kevin Phillips new book, Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism. Is everything really going off a cliff? Maybe not, he thinks.
So many now are predicting doom and gloom, and not just from the edges either, that while they may be right, we could also be seeing some sort of bottom forming politically, economically, spiritually, etc.
When the mainstream starts sounding like Marxists wondering if this current bust will be the final death rattle of the boom – bust cycle of capitalism then, hmm, I’m guessing it won’t be.
“Marxists have predicted eleven of the past six crises.” Is the mainstream doing it now too? Not that we don’t face huge problems, because we do. But the solutions are there too.