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February 20, 2011

"Atoms or systems into ruin hurl'd, / And now a bubble burst, and now a world."


At its most basic nonpolitical level, the showdown in Wisconsin is about the price of teachers; about a bubble.
It is about whether Wisconsin can continue to afford a union/monopoly supplied product whatever the disparity with the true market value of their ‘value added’ represents.  And in other parts of the world it is about the price of food, energy, or the price of maintaining juntas, politburos, kings, emirs or presidents for life. Bubbles are at the heart of many of the riots now being reported daily and globally throughout the world. Their frequency and persistence are a sign that they are cascading on to each other, like a collapsing house of cards. -- Belmont Club » Bubbles bursting

Posted by Vanderleun at February 20, 2011 5:53 PM. This is an entry on the sideblog of American Digest: Check it out.

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