This bbc blogger Robert Preston have a fantastic pdf article on the financial downturn. The article highlighted the new capitalism that will be taking shape after many businesses are wipe off the capital markets.
The sad things is that, lots of businesses will disappear along with life savings and hopes. The implications for governments is enormous. What we curious observers wouldn't want to see is government diverting the public attention by legislating harsh laws against immigrants. Already, the British immigration minister Woller is being Draconian and very insensitive to minorities, he has done so many damages in this short space of time, labour can now proudly claim to be more fascist than the Tories will ever be.
The new capitalism will be messy and ugly. I hope we go through it peacefully. Racism is on the rise due to frustration and idle time.