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Market bubbles – and subsequent crashes – are rarer than many people think, but all are driven by the same thing, says Merryn Somerset Webb: investors’ belief in something that always turns out to be impossible. ....
This response to the graffitiing of official monuments in London on May Day 2000 looks at the origins of war memorials in the social conflicts at the end of World War One and at the myth of the Second World War as an anti-fascist crusade. See also A good day out in London? for further reflections on May Day 2000. ....