We are so self centered in the US! As our government’s military deficit spending collapses the American capitalist economy we seem to forget that the crisis is a global one now. The Democratic/ Republican team have dragged down the global economy and not just our national one.

Stock markets all across the globe have been crashing due to what is termed in the Big Business press as being a ‘credit crunch’. Look everywhere, whether it be China, Russia, Japan, Iceland, Germany, France, or wherever, and the Almighty Dollar is dragging them all down. Something much more than a ‘credit crunch’ is involved in this international meltdown of the global economy.

Actually, what we are seeing and experiencing is the normal global capitalist economic cycle in motion. The downsides are just not very much fun for most of us, and, in fact, neither are the ‘upturns’ either. There is no such thing as ‘regulated capitalism’ since the regulators always ultimately turn out to be the capitalists regulating themselves, and that is no real regulation at all. There has got to be a better way!