well, so long, capitalism.

there is much that remains to be said about what just happened here.

this housing crisis has pulled the entirety of the global capitalist market down with it.

surprised? no. the whole point of regulation of the market is to ensure widespread problems like this don’t occur. instead, they let it all fail, and then tried to use the government as leverage to make it all succeed again – only to fail at that, too, for government relies on the people, and the people are scared as hell of using $700 billion of future generations’ money (compounded for interest, that could easily double, like a terrible mortgage gone bad) made them back off.

the effect on canada will be swift, methinks.  already, my savings – my pitifully small, ethically-attempted-at-investing funds, are crumbling.  and so now I’m relying on the same architects of failure to prop it all up and make it all whole again.

of course, this means everyone’s savings are now crumbling. the pension plan, now thoroughly dedicated to the market instead of safe government bonds, is going to crumble 5, 7, maybe 10% today as well. great planning.

the funny thing of all is the adherence to the grand notion of the perfection of the market. as if this failure, you know: the one resulting in huge losses for people, job closures, bank failures, credit crunches, etc… it’s all “perfect.”

sad, sad, sad.

but funny, funny, funny, the way we do not learn from history and let it repeat itself.

carry on, capitalists.  your time has come. and now gone.