Here’s a very good read on “behind the scenes” making of the global financial crisis we are in today and how it all started with the U.S. home loans market and spiralled into a worldwide phenomena.
On a different note, I believe this whole crisis and the recent happenings have removed all doubts, confusion and hesitation, if there were any, about the rules of the game in the “Flat” world we live in today.
I can no longer ignore or be oblivious to what happens in a remote part of the world, 12 hours away from me, because whether or not I can earn my daily bread depends on that!
So, now that our fates and lives are so closely entwined, can’t we, as citizens of the world, use this as an opportunity to come together and resolve not only the current financial problems but also the problems that mar humanity once and for all - poverty, hunger, illiteracy, global warming, terrorism…
Perhaps this is our chance?
What a great objective - but how one would go about it?
@ curiouslyinspired
Honestly, I don’t know the answer. But I want to think about it and at least believe that it is doable, even if only in parts.
Perhaps because the financial crisis is so immediate and obvious (or at least we think it is) we feel the urgency to react to it - giving it prime time coverage, designing multi hundred billion dollar bailout packages etc.
What if we could design a similar ‘bailout’ package and channelize it properly to educate say a few thousand children?
Truly admire your intentions. And hate to be too pragmatic - but it will come to priorities and the size of available money pots. If money were no object, I am sure many good and excellent causes would be honoured and poverty would be reduced. But it “is” an object - so we carry on.
I have little faith in humankind also to not fall down to its all-too-often ways of greed and aim to divert some of the good-cause money to themselves. Think about how much aid money to Africa got wasted and stolen… It’s about the mindset which is too entrenched for many. This takes generations to overcome.
But if we have more great-meaning people like yourself, then we are moving in the right direction. So thank you very much for speaking out your thoughts, and for listening to my frustrated ramblings!