http://www.bbc.co.uk/news/business-15576651

that the problem is globalisation.........although they also suggest that democracy to an extent is a problem.

''Here is the big story: there is a crisis of globalisation. ''

''And who has money? China, Singapore, Russia, Brazil, the Saudis.

Are you noticing a pattern there? Each of these countries is an export giant, has experienced rapid-fire modernisation and income growth, has a heavily statised economy, practises some form of covert protectionism, and has - with the exception of Brazil - either zero or attenuated democracy.

The countries in crisis, by contrast, are experiencing a crisis of democratic legitimacy for the chosen political-economic orthodoxy: finance-driven free market economics. ''

but when I criticise western democracy people here rushed to defend it, so, to those disers....does the above look like a sensible appraisal?