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while listening the current situation of banking crisis

I was playing spider card game and listening bbc news 24 at the same time on my computer.
The main point of the debate started why it  is happening and how. There were many financial Experts all over the world. ( which is often done by BBC whenever they want to show off they are the only one broadcaster in this world that actually can DO this sort of broadcasting on LIVE. This fact is true, though.) Little bit later, the point shifted to the blame game and finished by sort of admission of western banking system's failure.
Somehow they just want to say this is an economic catastrophy, but the tone of speaking this situation is really doomed. The Westerners specifically Americans and other contries close to them seem to lost their control that they have been hold, or pretended to held for quite a while.  Also they seem to think some other power will replace their position and they persume it will be China. The same day, yesterday, while Americans tried to save their banking system getting consensus in their congress, Chinese shoot the third manned space ship. Watching those two events(!) at the same day on TV gave me enough impression how westerners accept current situation.
The contries in the continent Europe are seemingly less distracted by this situation and even blame Anglo-sexon's greediness habits of spending. They also added an opinion which is some sort of moral malfunction in terms of late consumerism culture is the problem that is mainly driven by Americans.
All those thoughts really get me to the Badiou's thought that I've been reading recently. I understood his idea as an modest approach after modern and post-modern period of bursting human intelligent and aftermath of losing that flamboyant confidence. There is some vague but common feeling whether it's the time to revisit communism in a slightly different sense. Some philosopher, like Badiou, claim themselves as an neo communist or don't deny their thought has a link to communism, could show general guide line, I think, which is less controversal for the westerners rather than accepting oriental communism based on their own (chinese) culture. 

Definitely, it is time that we need some sort of changes both material and mental way for the sake of save our daily life.

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