October 10, 2008 (LPAC)--A lengthy article (around 6,000 characters) was placed today on a Chinese-language website, 3edu.net, entitled "The History of the Collapse of the Financial System." The article is a very astute compilation of LaRouche's work over the last 30 years, and deals in detail with the development of the financial crisis from the 1970s until the present day.

It begins by explaining Lyn's role in the development of the SDI, as a response to what he saw as the burgeoning economic crisis, and the need for a science driver. It describes Reagan's adoption of that policy, and the fight that followed against the opposition, who succeeding in getting it sabotaged. It deals with the crisis of the 1970s, how Japan was forced to adopt disastrous policies under pressure from the United States, leading up to the Plaza Accords in the 1980's. The article discusses the proliferation of the drug trade in Latin America in the 1980's as a by-product of the "bubble economy" being fashioned, and the impossibility of governments dealing with it, without tackling the economic policy behind it. It also refers to Lyn's Berlin Kempinski Hotel speech, and the crisis evolving out of the "shock therapy" policies that were forced upon Russia and the countries of the former Warsaw Pact. The article also deals with LaRouche's proposal for the Productive Triangle and the Eurasian Landbridge.

It is an excellent piece of economic analysis on its own. The author has obviously followed Lyn's work for some time. The article is a blow-by-blow account of the development of the crisis over the last three decades, dealing particularly with the key "branching points," quoting from Lyn's statements and proposals at each turning point in the crisis, including Lyn's Ninth Forecast.

The author concludes by describing Lyn's solution to the crisis: i.e., fixed exchange rates, protectionist measures, but remaining surprisingly silent about the Big Four constellation needed to get the ball rolling. He concludes his article with the following challenge to his readers: "LaRouche stresses that from the viewpoint of the physical economy, the key to the revival of the world economy is the implementation of large-scale infrastructural projects. The key to doing this, however, revolves around the question of leadership: Do the countries and governments of the world possess the political will and determination needed to implement these measures? This we leave as a challenge for our readers to make that judgment."