December 2008 ·
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Utopia falls
By John Gray
By John Gray, adapted from a September 28 column in the Observer of London. Gray’s Black Mass: Apocalyptic Religion and the Death of Utopia was published last year by Farrar, Straus and Giroux. His review “Faith in Reason” appeared in the January issue of Harper’s Magazine.
Our gaze might be on the markets melting down, but the upheaval we are experiencing is more than a financial crisis, however large. Here is an historic geopolitical shift, in which the balance of power in the world is being altered irrevocably. The era of American global leadership, reaching back to the Second World War, is over.
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| SEE ALSO: Capitalism; Deregulation; Financial crises; Free enterprise; Globalization; International economic relations; Iraq War, 2003-; Utopias; War | ||||
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