Posts tagged crisis

The only possible system

Capitalism, we are told, is the only possible system. Anything else is impractical dreaming. Capitalism delivers prosperity, stability, growth… except when it doesn’t. The credit crunch is nothing new – remember the Asia currency crisis, the Russian debt crisis, Black Monday, Black Friday, Black Wednesday and all the rest? The March edition of New Internationalist had a nice article summarising the various crises that have hit – they count 45 since the early 1970s, or more than one a year. If we were all living in anarchist communes and I… Read More