Our consumer-oriented economy wouldn't survive without economic growth. The whole mechanism depends on invention and insinuation of novelties, arousing new wants, seduction and temptation. This is the problem we face - much more than recapitalizing the banks. The question is: Is that kind of economy sustainable?

The inequality between the world's individuals is staggering.

In Montreal, where I taught in 1970, I met many people. The only ones who said to me they were Canadians, were Jews. All the rest were Scotts, Irish, English, French, Swedes.

"Once there, always there", would give you less freedom than you recently enjoyed, but more security. Security not in the sense of safety from terrorists, burglars, or pickpockets... but security in the sense of knowing where you are, who you are, on what kind of future you can count, what will happen, whether you will preserve your position in society or whether you will be degraded and humiliated - this sort of security. This sort of security for many, many people - a rising number of people - looks at the moment more attractive than more freedom.

We already have - thanks to technology, development, skills, the efficiency of our work - enough resources to satisfy all human needs. But we don't have enough resources, and we are unlikely ever to have, to satisfy human greed.

State governments seek local remedies for the globally fabricated deprivations and miseries in vain - just as the individuals-by-the-decree-of-fate (read: by the impact of deregulation) seek in vain the individual solutions to the socially fabricated life problems.

Alas, you don't need monsters for monstrous deeds to be accomplished.