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"This is the end of capitalism. Welcome to chaos!"

..the Egyptian bourgeois newspaper Al-Masri al-Yom headlined in connection to the "Crisis of Global Economy" (today's CNN) last Thursday.

But while many analysts and especially the media of the int'l capitalism are getting more and more panic attacks(^^) over the expected "worst recession since 50 years", so the German (bourgeois) daily newspaper Der Tagesspiegel (9.28), Chris Patten, UK's last governor in Hong Kong, published his 'glorification' of the - capitalist (of course!!) - globalization ("With the world's money markets in turmoil, globalization is a dirtier word than ever. It is blamed for destroying communities and widening the rift between rich and poor. But, argues Chris Patten, its opponents are hypocrites - free trade is still the best option"):

☞ Free For All (Guardian/UK, 9.19)


PS: Nouriel Roubini (New York Univ./RGE Monitor) said in an interview (Tagesspiegel, 9.27) in connection with the current crisis of the int'l capitalism: "This is the beginning of the end of the US Empire!" (*)...

* As usual(^^): a S. Korean "impressive" interpretation of the topic..