[Pen-l] Financial "collapse" / Wall Street Voodoo

["Jayson Funke" <jfunke@xxxxxxxxxx>]

Everywhere one turns there is talk about preventing the “collapse” of the US and international financial systems (Google search for “financial system collapse” reveals 1, 170,000 hits, and it is reflected in articles such as the NY Times article forwarded by Jim Devine). But what is meant by “collapse” if what is already happening is not a collapse? I’m not quibbling with terminology here, but rather noticing what appears to be blind optimism about the condition of the financial system. In all honesty, what travesty must befall the financial system or what conditions must be met to be termed a “collapse”?

 

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Jayson Funke

Graduate School of Geography

Clark University

950 Main Street

Worcester, MA 01610

 

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