There is a tendency to think that what we see in the present moment will continue. We forget how often we have been astonished by the sudden crumbling of institutions, by extraordinary changes in people’s thoughts, by unexpected eruptions of rebellion against tyrannies, by the quick collapse of systems of power that seemed invincible.
It is time to stop trying to fix what can’t and shouldn’t be fixed, declare national and global independence from Wall Street, and get on with building the New Economy and the new institutions required to serve its financial needs.
Judging from the record to date, we cannot expect the leadership to come from either Congress or the Obama administration. ...