Tuesday, August 9, 2011

Babylon Burns While I Fish

I'm on a bit of a holiday this week, at a rental cottage up in the Muskokas. It's quiet, the air is clean and the loons are warbling as sun sets. Meanwhile the world seems to be going to hell in a hangbasket - what's up with that?

Global stock markets are in meltdown, wiping out trillions of dollars in value practically overnight. The US credit rating has been downgraded for the first time in its history, add fuel to the bonfire of the economic vanities. It seems clear that the accumulation of economic contradictions has reached some sort of tipping point as the global ruling class, never one to have a very strong stomach by and large, goes in to full on panic mode that their ill gotten booty might get up and go south.

At the other end of the class spectrum it seems like things have been ratcheted up a notch in Britain with the explosion of several major urban centres - London, Birmingham, Liverpool - in the most serious rioting of a generation (see an excellent analysis here) in response to police racism and brutality, as well as frustration at poverty, cuts and the lack of any political alternative from the mainstream parties.

I do wish people would just relax while I'm away in the woods. But, then, I suppose that the class struggle never sleeps. I can only hope that the ruling class spends the rest of the week clawing each other's eyes out while the plebs tear up the cobblestones. That's what I call good vacation reading.
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