Economic Seppuku For The Elite

I told a friend Tuesday that I knew what needed to be done, then babbled about systems thinking.

What needs to be done amounts to what's been described a lot lately, re Greece and Spain, as "austerity."

The problem with austerity is that the way it's likely to play out is as a kind of feudalism, with the promiscuous bastards that brought us to the brink being the lords, and the creators of wealth, the serfs.

So what else is new?. What we need is Mr. Charlie's economic seppuku.