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Thursday, June 12, 2008

How Food Riots, Pricey Gas and Home Foreclosures Point to a Better Future

We are beset today by a systemic global crisis that could open the way to hopeful transformation. It is up to us.
By Marjorie Kelly and Paul Raskin
Can anybody make sense of what the heck is going on today? A lead story in the news covers the rioting in Haiti and a half-dozen other nations as food prices soar. Another front-page column reports that the U.S. subprime mortgage crisis is seizing up credit markets worldwide and contributing to housing woes -- possibly even economic destabilization -- in Ireland, Spain, Britain and elsewhere. Other news reports the discovery of a huge fracture in Antarctica’s vast Wilkins ice shelf, drawing attention to the slow-motion crisis of climate change. And there are ongoing reports about water shortages in Africa and Asia, droughts in Australia, sky-rocketing oil costs, the razing of the Amazon and images of war and terror.

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