He has to backpedal hard now, calling it all a debt crisis,
or a generation crisis,
or a boomer generation - caused crisis,
even calling the whole boomer generation of Western capitalists entrepreneurs and politicians 'immature' compared to the mature Chinese (please) now loaning these Western juvenile reprobate regimes money (partly their money, by the way, mostly ours, for what it still might be worth),
or a profligacy or corruption-caused financial crisis,
even a capitalist boom bust crisis (this gets him too close to his near and dear capitalist globalization theme for comfort)
anything, anything, anything,
rather than a globalization crisis resulting from the capitalist Cobdenist globalization process he promoted and trumpeted for so long, as a great good thing for all concerned.
(Re his implicit reference to the impending take over by China, and their dictation of slices of the laissez faire global pie that remains, see eg:)
Will he soon start quoting Strauss & How to explain unfolding global events in cyclical generational metaphors? Apparently so.
For my, hindsight, solution,
term search eg, Nixon, fattening things up, Patton.
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