Don't Worry. It Is Still Working.

An economic crisis is afoot.
Mr. Marx explained long ago that this is a natural part of capitalism.

I have been trying to 1)grasp what is going on in terms that are not alienating financial mumbo jumbo 2)analyze the situation through the eyeglasses of a progressive politic.

To talk realistically about the issues raised by this crisis is also to talk about class, and particularly the impact on working class people. You can't understand why those who gain most from the system suffer least when it fails, while those who gain least suffer most unless you at least mention the fact that there is such a thing as highly concentrated class power in the society.

One of the best articles I found on the topic is Banking Crisis: Capitalism has proven Karl Marx right again.

I encourage us all to gain an understanding of what is going on, critique it with our own values and reject the simplistic version fed to us as if this all made sense, and then move forward with others to dismantle the stranglehold this financial empire has on the world.
Afterall, our government which is supposed to represent the people's interests just bailed out the private sector.