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In some important respects, Iran is only a microcosm. Whatever happens next within that particularly troubled and troubling country, many of the deepest underlying problems and divisions will remain genuinely global.This is because revolution, despotism, war and terrorism are always generic issues in world politics. In the end - that is, civilizationally - they will need to be understood and confronted on a broadly international level.
In figuring out the core weaknesses of our troubled financial markets, there is far more than meets the eye. On the surface, Wall Street's seemingly interminable wild ride is the obvious outcome of purely economic factors. Yet, at a deeper level, the problem of market weakness and volatility is not really fiscal, but human.
On its face, it would surely be foolish to blame Daimler-Chrysler's extraordinary woes on the very dark history of Daimler-Benz. On its face, the combined company's deep decline is manifestly a function of bad economic judgments. After all, from the very start, the 1998 decision by Germany's Daimler-Benz to merge with Chrysler simply made no financial sense.
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