Ulrich Beck explains the sad theatre of the world economy

Sociologist Ulrich Beck explains how the free market doctrine lost its force. "First act: 'the society of global risk': Chernobyl. Second act: the threat of climate catastrophe. Third act: September 11th. Fourth act: the curtain rises and along with it, worldwide financial risk. The radical neoliberals enter the stage, those who have all of a sudden lost their faith in the market, now believe in the state. From now on they pray, they beg, they bend over to get the merciful state interventions and the millions of shareholder euros. ... This comedy of converts would be thoroughly enjoyable if it wasn't being played out on the world stage and didn't have the bitter aftertaste of reality. Because these aren't workers, social democrats, communists, the poor or welfare recipients who demand the state's help to save the economy from themselves. It's the Bank presidents and the world economic policy makers."

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