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“Watch out”, alarmed the Economist in this week’s main headline. “It is only a matter of time before the next recession strikes. The rich world is not ready.” The front cover picture said it all: the knight in shining armour of the ruling class, looking backwards at the vanquished beast of the financial crisis, fails to notice that he is walking straight into the salivating jaws of an even bigger monster – and this time without any weapons left at his disposal.