A Commentary by Jakob Augstein
A crisis is a turning point. In medicine, when a disease is at its worst, the patient's future hangs in the balance. The doctor does what he or she can, then waits to see if the crisis results in a recovery -- or death.
We know how the death of our society will look from the recent riots in London. We are threatened by social instability, which could lead to societal collapse and anarchy -- our own private Somalia. To avoid that will require a serious effort by the powerful. Our system needs a complete change of course. A politics of inequality got us into this crisis. If we keep going down that road, it will cause our downfall.
It's time to use the crisis as an opportunity for change. It's high time, in other words, to raise taxes.