The End of the Consumer Economy: I, Transformer

David Leonhardt's analysis in the Sunday Review (formerly the Week in Review) in the the NY Times provides a sobering and painful overview of current data which suggests that the collapse of the debt-based Consumer Economy which grew beginning in the latter part of the 20th century means there will be no Quick Recovery, just a lot of Hard Reality.

Article here

A bit of a tonic on a Summer Monday morning as the grim economic news and political stalemates continue to unfold. "Like Marx's account of communist society, it's surely too sketchy to found a political platform. "I am utterly pessimistic about the future, about the possibility of an emancipated communist society. But that doesn't mean I don't want to imagine it."


Slavoj Zizek interviewed in the UK Guardian here