Even as the current global financial crisis loosens its grip, the seeds of the next crisis are to be found in the developed world’s government finances. The US federal government has just run up an astonishing budget deficit of $US1,400 billion or 10% of GDP, the biggest since the World War II.

From the outset, the social democrats said they would not waste the financial crisis. The Prime Minister has always wanted to be Australia’s (and the world’s?) bureaucrat-in-chief, and the GFC created a pretext to throw out the so-called ‘neo-liberal’ handbook in favour of the political economy tomes that were outdated in the 1970s.

In his latest celluloid uppercut to the upper crust, documentary filmmaker Michael Moore examines the Home of the Brave to find it has been repossessed and its occupants turfed heartlessly out onto squalid Main Street USA.