Yesterday there have finally been some protests through Europe (40 k in London) to challenge the "quick fix-dust under the carpet" policy that hegemonic power is attempting to promote. There is no more sign of biting regulation of edge funds derivatives etc in the agenda that Gordon Brown is trying to carry on. In Britain after the "real economy" has been dismantled for twenbty years, financial interests are simply too strong to be disturbed despite the social catastrophy they have produced. Nor there is any more a sense that a long run institutional setting is the target. Rather than discusing sweeping reforms of the IMF it seems that on the agenda there is only the need to refinance it with an eye on posible future needs to use cash injections to save some more cronies.
In this scenario Obama talks about perseverance. As with any notion there is a very difficult meaning when it is deployed by those in power than when it is used by those resisting power. And if it is true, that in the previous camp perseverance means continuity and stubborn insistence in fundamentally wrong policies (but what would you expect from any US democrat?) perseverance by the people in resisting and keeping the attention and the action up is crucial.
The legal agenda of attempting to tame the rottend forces of corporate capitalism must be kept alive. This must be our task and the fact that people take the streets to say that they hate those responsible of the current state of affairs is extremely important. It should happen much more often and much more globally.