Interesting report by Tom Barkley over at the Wall Street Journal about a global perspective on the World’s Economic Crisis.
The article opens with an interesting view from the Institute of International Finance: “Leaders need to urgently step up their coordinated response to the global financial crisis as bank losses top $1 trillion and the world economy heads into the worst recession in modern times, the managing director of the Institute of International Finance said.”
It’s interesting to read how one report after another and one “institute” or “agency” after another goes on to confirming how bad the recession is and how extreme economic and financial conditions are today, yet still, the world leaders are differing in their opinions, differing in their implemented strategies and the vast majority of the population are so busy with other things or so weak in their self-esteem that they simply “stick their head in the sand”.
Tom Barkley goes on to mention: “This is a globally synchronized recession, it requires a globally coordinated approach,” said Charles Dallara at a news conference to discuss the financial industry group’s latest economic forecasts. “We have seen some indications and recognition of that, but not enough.”
Yet nobody is asking the key question here: “Why did all this start?”. There is nobody looking for responsability? Nobody questioning our systems? Nobody questioning our ideas? There is just a bunch of headless chicken running around. I firmly believe that until there are critical questions demanding answers about the cause of this global crisis which is spreading around the globe like a wildfire, we will see no improvements!
Image by carbonnyc adapted under Creative Commons
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