This erosion of the middle class is happening all over the place. The opening of a wider gap between rich and poor is always accompanied by such a process.

Having enough to eat, being able to educate your children, have reasonably stable employment, and being able to live in a society which isn't collapsing around you-all of these things have been generally eroded.

The World Development Movement, to take just one example, is doing good work. Some political parties are, too.

Markets cant think about anything beyond about three months. This is very long-term for markets, which is why the important things in life have got to be taken outside of the marketplace.

Everything has to be done to build some sort of international democracy. We've seen only the tiniest beginnings of that.

If we wait for the U.S. to do something, we will be waiting for a very long time. It's Europe, it's Australia, it's the other developed and middle developing countries that have got to do the job.

Subsidize... or lend.