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From BBC News:

The financial crisis is likely to diminish the status of the United States as the world's only superpower. On the practical level, the US is already stretched militarily, in Afghanistan and Iraq, and is now stretched financially.
On the philosophical level, it will be harder for it to argue in favour of its free market ideas, if its own markets have collapsed.
Pivotal moment?
Some see this as a pivotal moment.
The political philosopher John Gray, who recently retired as a professor at the London School of Economics, wrote in the London paper The Observer: "Here is a historic geopolitical shift, in which the balance of power in the world is being altered irrevocably.


More at the article, and as I've noted before, just wait until the Bretton Woods system starts shifting away from the US and countries switch from the petrodollar to the petroeuro. See the wikipedia article on reserve currencies for details on how that will change things.


Unrelated to this, I went to the babyland show last night and it was fantabulous. Babyland is a crunchy industrial band with grinders and steel drums and all the other sorts of paraphernalia you'd expect, but they do a really great live show. Holy crap that was fun, great stage presence, costumes, and generally fun. Especially amusing was emulating the usual smoke machine with cans and cans of glade air freshener. Definitely another see-again band.

The opening band was about average for their sort of electropop industrial -- I call that sort of band VNV needs a lozenge -- but it had a cover of KLF's What Time is Love that was really fabulous.

The show was pretty good, it was especially good to be at a show where people had cultural signifiers that didn't annoy the crap out of me.

Date: 2008-10-02 08:13 pm (UTC)
From: [identity profile] not-eurotic.livejournal.com
I did the 2nd verse of What Time is Love when I played with Everything Goes Cold in Phoenix. I got all the words right (kinda) and everything!

Date: 2008-10-02 08:30 pm (UTC)
From: [identity profile] sculptruth.livejournal.com
it was especially good to be at a show where people had cultural signifiers that didn't annoy the crap out of me.


Damnit, when you lay it down like that I wish I had been there. I am so out of touch with who's on tour and who's coming around.

Date: 2008-10-02 10:19 pm (UTC)
From: [identity profile] jennaxide.livejournal.com
It really was a terrific show. Awesome to see you there, Mister!

Date: 2008-10-02 10:43 pm (UTC)
From: [identity profile] glaucon.livejournal.com
call that sort of band VNV needs a lozenge

that's fucking awesome.

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