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World stock markets plunge/ Fears of recession intensify…/. Global recession warning rattles stock…/ European bank funding / Unemployment rises sharply / The System is Ready to Blow / Markets in Meltdown /
The world financial system is now one huge mess, The stupid debt system and dog eat dog mentality
have brought the whole thing rolling to a cliff edge. It appears the Central banks have run out of
ideas to slow things down.
If Capitalism blows it’s NOT the end.. it’s just a new ball game.
‘The West’ is immensely rich in property and assets, yet suddenly will be bankrupt.
This is nonsense.. all we need to do is band together in Local Assemblies, pool our resources , skills
and possibilities, and work out an infinitely better future, without destroying the planet. In some places this is already happening.
The Collapse of Capitalism means the rich will lose their ill gotten gains.. For the rest it will be ‘survival as usual’…
The Free 
I disagree on one point. The rest will survive. I’m afraid that capitalism was built off the back of oil. By current estimates about 5 billion of us only exist because of oil. It is the most energy intensive mobile form of energy. The net energy yield is dropping by the day which means the price will spiral out of control and economies as currently structured will cease to be sustainable. Unfortunately this also means we could all be heading for an autocratic communist system which sucks just as much as capitalism. Either way only 20% of the “rest” will survive.
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