The waves of history as seen from Prince Edward Island

Here's an interesting post from Robert Paterson on Canada's Prince Edward Island with a long view of the financial crisis. Some nice analogies in there...

He's much gentler on our political leaders than I am. He says they have no choice but to try and maintain business-as-usual until the dam finally breaks. On reflection I think he is right. However if we are to survive we must not make the mistake of following our doomed leaders. They may have no choice but to desperately patch the machine which made them what they are. But we do have choice (if we are able to step back from our own doomed investments). We must get to work and build the new working paradigms.