It wasn't until the middle of the 1930's that the full social impact of the 1929 Wall St crash was felt with the Great Depression. Our Great Recession has had Governments swallow the corporate debt with the real risk that those countries could collapse, so much for unregulated neo liberal free market greed (if you want an idea of how corrupt this neo liberal free market was, watch the doco 'Inside Job'.
It was during the 1930's that the political establishment came under great pressure. When economic conditions are this bad, the spectrum splinters, this is a meme I've been pointing out for some time, we are seeing a splintering of the political spectrum. Hone to the left of us, Don to the right of us, the reality is that there is no middle ground in NZ politics any longer because we have a vast distance between John Key's wealth class elites and the 40% of NZ who earn less than $20 000.
I wonder of there will be a riot in Queen St this year during the Rugby World Cup?
