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Socialism TodayEssay Preview: Socialism TodayReport this essaySocialism Today The monthly journal of the Socialist PartyIssue 55About UsBack IssuesReviewsLinksContact UsSubscribeSearchWhen bubbles burstBiggest-ever Keynesian programmePolitical paralysisIt hurts when bubbles burstWith the US economy now clearly in a downspin, parallels are being drawn with the situation ten years ago when Japans stock market bubble collapsed, plunging the economy.