Dan Hind, author of The Threat to Reason, has "just finished a 10,000 word piece on the origins of the current economic crisis." A pdf can be downloaded at Verso's website. In it Dan looks "at the various explanations as to why we are such deep trouble..."
I sketch the one I have come across that seems best supported by the evidence. The good news is that it is possible to understand what has happened over the last generation in Britain and America. The other good news is that we'll have to create a more equitable economic system if we are going to get out of the current shambles. The bad news is that the current political and economic establishment, to the loud applause of their many tame intellectuals, have really gone and fucked the dog on this one (more...)