Not so much doomsday

Ten years ago a Saudi sheikh informed me privately that Capitalism would soon follow Communism into the history books. 'Yes? What's left after that?' I asked him. 'God plus mankind and the other 99.9999 percent of planet earth,' he said, 'So what's the problem?'

Today I am reminded ... in the light of today's headlines from Wall Street maybe the guy was right after all.

If he is, then, as usual, those in charge of the system are wholly responsible for its decay and destruction. No need to go into the excesses of people put in charge of great establishments, the years of massive self-enrichment without the risk of personal penny number one, their unbelievable (I mean literally unbelievable) failure to see the approaching iceberg; reckless lending and borrowing by the banks, naturally followed by individuals wanting to feel good ...

But I see nobody throwing themselves out of high towers, nobody arraigned before a court of law on charge of grand larceny. I hope that, if my friendly sheikh was indeed right, the collapse of capitalism is not to be swiftly followed by the collapse of the Law.

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