>Of course, we'd all hoped for the kind of 1890s-style multi-racial working-class based movement against financial tyranny that, when I last lived in the US (1989), an interesting crowd - Jane D'Arista, Bill Greider, Jesse Jackson, Tom Schlesinger, Larry Goodwyn and a few others at the Financial Democracy Center, as well as National Peoples Action, Acorn and the Industrial Areas Foundation for inner-city residents, and also Fantu Cheru, John Cavanagh, Carol Barton, GeorgeAnn Potter and a few others in the Debt Crisis Network, as well as a few in organised labor (like institutional investor and corporate campaigner Bill Patterson) - tried to build against S&L and NY bank bailouts, at the expense of taxpayers, inner-city defaulters and Third World people/environments. They tried hard and failed, which I think partly explains why resistance to the current crisis is so very very lame in the US.
Could you elaborate? On the face of it, such failure would seem to be fertile with lessons for the next round, not a cause of later lameness. Or are you saying it explains it in a different sense?
Jenny Brown