There's always been a high degree of state intervention (in fact the term 'intervention' is misleading). Presumably to prevent things becoming even more unhinged a great deal more state intervention is to be expected. On the other hand, I am starting to wonder more and more if elites haven't started believing a lot of their own ideology (one gets this impression reading business journals these days) and genuinely think things will correct themselves--much as a badly designed bridge 'corrects' itself in the process of collapse.
> but I do think we're
> in for another capitalist regime. There seems to be a consensus view
> of what it will look like, even - the Wolf article looks like a
> summation of the emerging common wisdom on the whole matter - but who
> knows if that's accurate.
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