{"id":1127,"date":"2008-10-05T16:42:39","date_gmt":"2008-10-05T15:42:39","guid":{"rendered":"http:\/\/www.rogerdarlington.me.uk\/wordpress\/?p=1127"},"modified":"2008-10-05T16:42:39","modified_gmt":"2008-10-05T15:42:39","slug":"the-end-of-capitalism-as-we-know-it","status":"publish","type":"post","link":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/?p=1127","title":{"rendered":"The end of capitalism as we know it?"},"content":{"rendered":"<blockquote><p>&#8220;A 30-year experiment has come to an end. The world of go-getting investment banks has gone forever. The danger is that we go from feast to famine; debt remains a vital element in any economy, and if we too suddenly try to live without it we will crush ourselves economically.<br \/>\nWhat we are witnessing is a system failure that requires a systemic response \u2013 the creation of a new system that sponsors a fairer, more productive capitalism in its place, while maintaining high flows of credit and debt.<br \/>\nThis is a terrifying moment; but it is also our generation&#8217;s once- in-a-lifetime chance to change British capitalism. Brown has an awesome responsibility to his party and his country. I hope he rises to the challenge.&#8221;<\/p><\/blockquote>\n<p>These are the final words in <a href=\"http:\/\/www.guardian.co.uk\/business\/2008\/oct\/05\/banks.marketturmoil\">a thoughtful article<\/a> by Will Hutton in a special 12-page &#8220;Observer&#8221; newspaper supplement on &#8220;The 2008 Crash&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;A 30-year experiment has come to an end. The world of go-getting investment banks has gone forever. The danger is that we go from feast to famine; debt remains a vital element in any economy, and if we too suddenly try to live without it we will crush ourselves economically. What we are witnessing is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1127","post","type-post","status-publish","format-standard","hentry","category-world-current-affairs"],"_links":{"self":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/1127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1127"}],"version-history":[{"count":0,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/1127\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1127"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}