ANZEIGE:
visit DAREMAG
______________________________________________________________________
It is with a certain uneasiness that I am informed of the current financial crisis on the U.S. financial market, triggered by U.S. consumers and house owners heavily indebted and consuming on credits fueled by cheap mortgages in bygone days, and of which I have been warned several times during recent years, not the least by Alan Greenspan himself – and I admit to be worried, and angry. As a citizen of a state of Old Europe I wonder why I should be held accountable – despite my awe and understanding of the principles of globalization – for the failings of the Americans to keep their books together, after and while subjected to their demand of cheap oil (resulting in catastrophical exterior politics) and their extreme and undeniably unethical waste of our resources of energy and water. Now their heated consumer spending, fueled by the lowest interest rates in history, has landed them rather forseeably in troubled waters, a falling dollar and the possible collapse of the world markets, with heavy repercussions for my Old Europe Economy. In short: I paid for the lush lawns and middle class houses, the high powered cars and the landslide of gigantic refrigerators, with which I am confronted every day in the U.S.-produced sitcoms and movies (them being also part of the phenomenon of the so-called U.S. Cultural Imperialism) and of which I am critical due to their relentless myth-building American Dream of The-winner-takes-it-all. (OK, that was not so short…)