possibly noteworthy wrote:
Niall Ferguson:

It began as a sub-prime surprise, then became a credit crunch and is now a global financial crisis. At last month's World Economic Forum at Davos there was much finger-pointing - Russia and China blamed the US, everyone blamed the bankers, the bankers blamed everyone - but little in the way of forward-looking ideas. From where I was sitting, most attendees were still stuck in the Great Repression: deeply anxious, but fundamentally in denial about the nature and magnitude of the problem.

I'm beginning to think that what's really happening is the death throngs of supporters to an era that has been dead for quite some time. It reminds me of this and this, where people wish that it wasn't over, even violently using every resource available to them, despite the reality that it is indeed over.

RE: The great repression