Post by Papa C. on Nov 28, 2008 17:03:05 GMT
What is the real cause of the capitalist crisis?
The official story is that the origins of the current crisis lie in the collapse of the US subprime mortgage market - i.e. poor people not paying their mortgages. Although this may have been the trigger event, it is not the real cause. The real cause lies in pyramids not houses. Specifically the enormous debt pyramid built up by the Western countries, particularly those following the Anglo-saxon economic model - which, unfortunately for us, includes Ireland.
www.indymedia.ie/article/90030
