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