In Modern Society, Where Most

Soaring Prices For Crude Oil, Falling Production Surpluses, Wild Speculation In Commodities, A Rush Into The Precious Metals, Turmoil In The Middle East, Assertive Oil Producers: It Is 1973-74 All Over Again, And At Dictation Speed.

Saudi Arabia Is A Puritanical State That Claims A Monopoly Of Wisdom And Virtue.

Viewed From A Distance, Or Through The Eye Of The All-knowing Ceo Of The Universe, The Crash Of 2008 Followed The Usual Pattern. A Long-lived Boom Driven By Cheap Credit, Going Back As Far As 1982 (though Subject To Interruptions In The Mid-1980s And 1990s, And In 2001), Came To Grief Because Of A Rise In The Cost Of Borrowing Money.

In Modern Society, Where Most People Live In Cities, And Where Both Needs And Wishes Are Absolved Through The Same Remote Agency - Money - The Distinction Between Wishes And Needs Has Altogether Vanished.

Whatever Else It Was, Adolf Hitler's Short-lived Regime Was Also A Colossal Industrial Process By Which The Wealth And Productive Power Of Much Of Europe Was Wrenched From Its Normal Purposes And Converted Into A Machine For Killing.