At last, the demonstrators have got the correct target in their sights. The anti-globalisation movement has always been too sweeping in its choices of enemies, lumping the excesses of big
With the markets crashing once more and the last rites being
pronounced over Western capitalism, the consensus is that autumn 2008
is when global economic power will have been seen
In the week of the crash in 1929, Wall Street fell by 23%. In the week of 6-10 October 2008, it fell by 18%; while London and Frankfurt fell by
I never imagined I would live through events like those of the past three weeks. The western banking system faces disintegration. Economists and policy-makers are at loggerheads over how to
Dear Grover,
You and I differ strongly over what constitutes the good society. I believe in a social contract and recognise that it needs to be paid for by taxation
