There is a powerful crisis dynamic that is stronger than the will of the sovereign and its democratic institutions. When capital relations fall into crisis, everything can be redefined or instrumentalized: the basic law, democracy, elementary human rights and even human life. Economic pressure creates an extremism of the middle.
The Fed is more worried about inflation than mass unemployment. Maybe the guaranteed basic income and/or community centers are the antidotes to elite failures and market failures. The Washington Consensus (privatization, deregulation and liberalization of markets) like infinite growth is more the cause of economic malaise than its solution.
Though, for most, the London Inter-Bank Offer Rate (Libor) interest rate fixing scandal appears to be distant and far too complex to understand, its potential consequences may be as economically devastating as a world war.
A fascinating shift has happened in the U.S. mainstream media: After a year of anti-Syria war propaganda and lies, glimmers of truth are making their way into the public’s view. This may be too little too late: the country is being torn at the seams into the nightmare of ethnic-religious cleansing and massacres.