Monday, September 19, 2011

physiognomy of the future



But I am struck by one thing, in this crisis, the great power politics of the late-21st Century are beginning to creep into the early century economics. Brazil, China and Russia have promised funds to bail out the euro.
China stands ready to make insignificant but symbolic purchases of Italian and Spanish debt, and has already bought up parts of Greek infrastructure. Russia, from where men with large suitcases arrived in Cyprus as Cypriot banks joined the euro, has promised to bail out the Cypriot banks. The US has banged the table but nobody has listened.
There, in a single weekend of ink-dark economic diplomacy, you have the world in 2050, or maybe 2030, showing its face.

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