There's a magnificent story in the bankruptcy of GM. One wouldn't think so to read the news, but this is, historically, like being on the walls of Rome as the barbarian hordes swept forward, like being a carib Indian with a video camera filming by satellite as Columbus' ships dropped anchor.

It symbolizes one of the great turning points of history because the post recession world is going to be very, very different from what we have known. five hundred years of history are about to fall away.