HUMPTY DUMPTY: A LETTER TO THE ECONOMIST (November 19, 2008)

The most poignant part of your upbeat briefing on the global economic summit that took place in Washington, D.C., last weekend are the three illustrations (“After the Fall,” November 15, 2008). They show Humpty Dumpty, a nursery rhyme character usually portrayed as an egg, under the wall just after the fall, being fixed, and being propped up back on the wall. As everyone knows, the rhyme ends rather differently: “All the king’s horses and all the king’s men couldn’t put Humpty Dumpty together again.” It is good to remember that the rhyme used to be a riddle before Humpty Dumpty appeared as an egg in Nineteenth Century illustrations, for it is an egg that cannot be put together again. Returning to your riddle, are you trying to tell us that you are losing faith in capitalism as it has come to pass, or are you betting on it in spite of the unshakable evidence against it?