Eric Hobsbawm, the Marxist historian (he is over 90 years old, but lucid) is interviewed by the BBC, and this is notable: "It is certainly greatest crisis of capitalism since the 1930s. As Marx and Schumpeter foresaw, globalization not only destroys heritage, but is incredibly unstable. It operates through a series of crises.
There’ll be a much greater role for the state, one way or another. We’ve already got the state as lender of last resort, we might well return to idea of the state as employer of last resort, which is what it was under FDR. It’ll be something which orients, and even directs the private economy." Also see this article in BBC, "Marx popular amid credit crunch". And then Ambrose Evans-Pritchard’s note on all of it.