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[Pen-l] like that's a bad thing?



David Brooks, New York TIMES, November 18, 2008:
>The phenomenon [the shrinkage of the middle class, especially at the bottom] is noticeable in developing nations. Over the past decade, millions of people in these societies have climbed out of poverty. But the global recession is pushing them back down. Many seem furious with democracy and capitalism, which they believe led to their shattered dreams. It's possible that the downturn will produce a profusion of Hugo Chávezes. It's possible that the Obama administration will spend much of its time battling a global protest movement that doesn't even exist yet.<

[of course, Brooks assumes that "democracy" and "capitalism" represent
a unified phenomenon.]
-- 
Jim Devine /  "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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