BuzzFeed media cuts

The spirit of the age can be assessed by what grabs our attention. What are talking about now? The great global slowdown. Or, more accurately, we've been talking about it for a year so; ever since big, old-economy corporations that had just been holding on started to go under.

Sears, the great US retailer, once the largest mail-order company in the world, finally collapsed late last year. General Electric, a company at the heart of industrial capitalism and founded by Thomas Edison, has saved itself from default by selling off practically every division that makes any money. I could add numerous examples.