You can’t move in the journalistic world at the moment without being faced with worrying questions about the credit crunch, but no-one seems to have any definite answers. It’s particularly daunting for someone such as me, who has no formal economic education, so I readily bow to those who know their FTSEs from their Dow Jones’s.

The Times’ daily columnists have been doing a great job of making the credit crunch more comprehensible, and today the BBC chimed in with this helpful article.
But I am quite surprised that no-one has risked taking a Marxist view of the situation, even ironically. I consider myself to be a closet Lefty, fairly convinced by Marx’s ideas, but not educated or confident enough to walk down Farringdon Road waving a Red Flag, burning £10 notes.
No matter what your political stance, it must seem unusual that as the capitalist system falters majorly, there is a great dearth of left-wing criticism. Nonetheless, I found this article from the Guardian particularly interesting.
Unquantified though it may be, I think it’s wonderfully ironic that the Germans (who are stereotypically aligned with fascism) should look to their estranged son Karl for guidance during this time of severe economic turmoil. Perhaps I should look to the Guardian more often to indulge my quasi-Marxist tendencies…
Now Playing: Frank Turner – Love, Ire & Song
UPDATE 13/11/08: Don’t despair, some would argue you can even benefit from the credit crunch. David Christopher blogs that a reduction in house prices can only be good for those hoping to get on the property ladder for the first time.
Thought I’d stop by and say hello! An interesting little look at the current situation indeed.
RE: this blog, the title looks a bit… well, naff. Hehe. Try pimping it up a bit. Solid black font on a bright photo? Not overly smart or attractive! Unlike the rt. hon. author, who is most definitely both, of course.
TTFN
Thanks Arran.
Fair point, I need to work on the design.
Toying with a few new stylesheets atm.
I like the new minimalist look. Very clean.
For the record, this issue has since been picked up by the BBC
http://www.guardian.co.uk/books/2008/oct/15/marx-germany-popularity-financial-crisis
and the Times, on the front page of T2 [can’t find their article online yet]
Are you crediting yourself for starting this Chris?
Nope, just flagging up that this idea has been taken further and expanded on by large media organisations.
I have no illusions that my blog contributed to this in any way, I’m just glad to be in touch with the mainstream print media.
I think your blog made all the difference.
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