The sheer power of the handful of multi-billion investors has reached pinnacles of amazing height. The world over papers constantly write  about their psychological mood. Are they loosing confidence in this or that country (Ireland? Portugal? Italy? Spain?) Are they less optimistic about this or that than they formerly were? It is reminiscent of the era in the cold war in which experts speculated about the exact arrangement of the dignitaries on the Balcony of the Kremlin. What precisely did the shift from one spot to another portend? Of course there are differences, but it nonetheless may be time to introduce a hitherto not used word, so as to make people blink and wake up. Could this not be a new and of course surprisingly different shape of what has been called “Fascism” in the past. One difference is of course that this latest form is not national but global. Every government on every continent grovels in the dung before the pedestal of these  potentates: What social programs shall we cut? What limbs of our budgets must we amputate so that the financiers will not withdraw their billions dropping hands from our land? 

What is the measure of that servitude?  How does it compare to the subservience that dictators exacted?