The Global Weimar Phase

Stern warnings from English political scientist and activist Nafeez Ahmed:

We’re not back in the 1930s, but structurally - systemically - we’re in a far worse condition. The problem is that the three main parties on offer today lack a fully-formed understanding of the real structural issues behind the concurrent crisis of world capitalism. They fail to realise that they’re in a catch-22. The symptom-led solution to the massive deficit is inevitably massive cuts in spending. The problem is that those cuts, structurally necessary within the given system to stabilise our credit rating and currency value so that the government can keep borrowing, will inevitably contract the real economy massively to such an extent that it will create a serious socio-political crisis in this country in the next 5-10 years. We’ve heard as much from the Bank of England.

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