All of us citizens of Europe have grown up with schoolbooks highlighting the reckless follies of the late 1920s, when a financial system gone mad coupled with miserable state management ushered in the most catastrophic economic collapse in the history of humanity, triggering a chain of events leading to the second World War and the Holocaust.
To many of us, including this commentator, the notion that folly on a near-similar scale would be repeated before our eyes, in our lifetime as responsible adults, in other words on our watch, would have seemed until very recently utterly preposterous.
Via IT
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