The one outcome the clever boys who invented new Labour never considered as they excised the socialism from their party was that we would witness a
crisis of global capitalism in the first decade of the 21st century so
severe that it would force both Britain and America
into nationalising
financial institutions.
Cooper Union has been roiled by the greatest
crisis in its 156 - year history, as it struggled with
severe financial problems, divisions among the trustees, the ouster of its president and a state investigation
into its governing practices.