Global financial events seem to be moving with such speed and complexity that it can be difficult to see just where we are headed. Using an imperfect scientific analogy, we seem to be experiencing a
Phase Transition, a change from one economic state to another. Just as in a Phase Transition in the physical world, a great deal of heat/energy is involved in the transition. In the economic phase transition this heat is felt keenly on both a personal material and emotional level while the intellect struggles to make sense of it all.
Naturally, we all seek to explain what we perceive in terms of the phase we have been in rather than in terms of the phase we are moving towards. We are like water molecules trying to understand the process of boiling and evaporation in the absence of any concept of being in a gaseous (vapour) state.
What is important is that we understand that we are in a controlled Phase Transition. It may seem chaotic to us but there is an underlying order to it. We are being taken to a new economic phase or Economic Order. The separation between the state and big business is long gone, we find ourselves with increasingly narrow options as our environment changes around us in ways increasingly unfamiliar. We have to apply ourselves in seeking to understand as exactly as possible the new economic environment so as to be better able to navigate our way through it.
We are moving, without doubt, towards totalitarian government first on a national, then regional and ultimately global scale. Totalitarianism has to be resisted on the street, in the market place and in our hearts and minds. Protest is crucial to resistance for it shows us that we are not alone. Similarly economic boycotts at an individual level seem as a drop in the ocean but
when added together the economic actions we all take are the economy; if we all boycott a country's products then there will be no market for them; if we all take our bank deposits from the banks there will be a real banking crisis.
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