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Oh I agree there is likely to be another crash/downturn/double dip. Nothing was resolved, except the bailouts provided a semblance of stability to the TBTF banks.

When the next downturn occurs, they'll have to find some other way to socialize the losses and privatize the profits. Not sure what that will be, but it could present an Argentina-style moment that creates the opportunity to articulate a left vision of the future to the greater public.

And the world will live as one

by Montereyan (robert at calitics dot com) on Sun Jun 6th, 2010 at 11:32:51 AM EST
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