We're all struggling day by day to make sense of the mayhem in the markets - neoconservative governments discovering the virtues of nationalization, speculators' bubbles finally bursting, doom-mongers who have been predicting the collapse of capitalism for decades suddenly worrying about their own pensions and mortgages when it arrives…
As I said last week, when a crash like this happens, it's worth listening first not to the people who have presided over and profited from the speculative boom but to those who have long been pointing to the cracks in the edifice.
