How preposterous to think we can avert the next crisis without regulating or shriveling the financial sector, addressing income inequality and radically rethinking the meaning and assumptions of economics! Hans-Jurgen Urban likens the financial crisis to a tiger breaking from his cage and sees the welfare state and unions as his trainers.
The New York Times and The Guardian (London) published major editorial statements on New Year's Day, reviewing the evidence that Edward Snowden's whistleblowing on NSA spying has largely been vindicated. They call for the creation of conditions that will allow Snowden to return home with dignity.
The global financial crisis of 2009, which affected the West far more than other regions, was, in my view, a consequence of a UN decision on 10 December 2008. I consider it was a deliberate decision of the UN that the West would go into 'permanent' decline.