If we are unaware of the deliberate grasping and transforming of reality that Obama is exercising through the world's media, we will be constantly led by the images of Barack and Michelle "being the change."
The period of Thatcherite deregulation is over. The state is back. We will need active industrial policy and planning, in respect to economic institutions but for climate change and energy policy as well.
A good case can be made that the massive globalization of labor and financial markets, coupled with "free markets uber alles" policies, formed a toxic mixture that made the collapse inevitable. Here's why.