Gordon Brown just announced that there should be some 'mechanism' in place to make sure the world financial meltdown doesn't happen again. But it will, because the world is run by idiots. How does that happen?
You would have had to be in a coma not to see the signs. I have been Jeramiah-ing about the inflated share market and economy for YEARS. (just ask my partner who is sick of hearing my fiscal policies) I have been reminding some of my friends that YES, real estate DOES go down. How quickly we forget, the same thing happened in the 80s with an overinflated market. Because we refuse to see the signs and adjust greedy behaviour, it crashed again - but worse this time.
I am not an economist, nor do I need to be. It is the law of nature. Nothing is sustained by unlimited growth. It is just not possible. There are cyles of creation and destruction which none of us are immune to. But because we only want to see the 'happy' times, the human tendency is to stay in denial.
And while the finger-pointing continues and the blame is projected onto CEOs and upper management - few would recognise their own part in this. If you don't count the poor starving bastards of the world, at every other level of human existence greed is the creed and is accepted as a collective strategy for life.
From a psychological perspective, most of us need therapy. Some of us are getting it.
From a philosophical perspective, we are just as stupid and unevolved as when we first crawled out of the mud. Long live the lung-fish.
greed is the creed and long live the lung-fish
