The crack crunch

Anthony Barnett (London, OK): I have suggested before that we need to see drugs as normal as the starting point for any discussion of what should be done about the criminal activities they spawn, and that one index of such normality is the openly reported use of cocaine in the City to help 'drive' the market. Now see here for a brilliant comparison on the deep structures that link what happens on the financial markets to the market in cocaine by Joe Wade on The Crack-prime epidemic versus the sub-prime Mortgage meltdown.