Thursday, March 31, 2011

From Great Recession to Great Revolution

The Great Recession of 2008 that has shaken world financial markets is shattering the sclerotic grip of Middle Eastern dictators.

From the Economic Winter of real estate bubbles, massive unemployment, and entitlement extension, the Arab Spring has emerged, rising up from the economic devastation wrought by overzealous and unaware speculators.

The falling Housing Markets in the West have toppled the long-standing Houses of evil leaders in the East.

Dwindling assets in European and American markets have lead to the freezing of stolen assets secretly deposited in the Swiss bank accounts of unaccountable dictators.

The hyperextensive oversight and subsidy of democratic governments has exposed the sheer folly of command-control economies in authoritarian governments. Oppressed peoples across the Middle East, further constrained in their ability to make a living, are rising up against regimes which have for too long deprived them of life, liberty, and property.

Just as wealthier economies tolerated rampant graft, corruption, and fiscal irresponsibility, weaker and more burdensome states were permitted to steal from their citizens without fear of recrimination. When impoverished try to take from those who have nothing left, the poor will strike back.

The Great Recession has ushered in the Great Revolution across the Middle East.

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