Brilliant article in the Nation magazine today by Jonathan Schell. An excerpt:
All the crises are characterized by double standards, which everywhere block the way to solutions. One group of nations, led by the United States, lays claim to the lion's share of the world's wealth, to an exclusive right to possess nuclear weapons, to a disproportionate right to pollute the environment and even to a dominant position in world councils, while everyone else is expected to accept second-class status. But since solutions to all the crises must be global to succeed, and global agreement can only be based on equity, the path to success is cut off. Finally, all the crises display one more common feature: all have been based on the wholesale manufacture of delusions. The operative word here is "bubble." A bubble, in the stock market or anywhere, is a real-world construct based on fantasies. When the fantasy collapses, the construct collapses, and people are hurt. Disillusion and tangible harm go together: as imaginary wealth and power evaporate, so does real wealth and power. The equity exposed as worthless was always phony, but real people really lose their jobs. The weapons of mass destruction in the invaded country were fictitious, but the war and the dying are actual. The "safety" provided by nuclear arms is waning, if it ever existed, but the holocaust, when it comes, though fantastical, will be no fantasy. The "limits on growth" were denied, but the oil reserves didn't get the message. The "uncertainty" about global warming--cooked up by political hacks and backed by self-interested energy companies--is fake, but the Arctic ice is melting anyway.
Read the whole thing.