Global Financial Meltdown ?
Submitted : January 31
th, 2009
The views expressed are those of the author
and are submitted without prejudice.
Jacques L. St-Arnaud
At this time of global financial crisis,
is there still hope for market-driven societies ?
Venting one's frustrations is often a good remedy for the doldrums. So here I am thinking how exaggerated most of the media's coverage is about the current state of affairs in market-driven countries.
And lo and behold, what do I see as I do my daily review and analysis of social events? Along comes not one, but two articles of great wisdom.
Everyone is worried about government "bail outs" of "blue chip" companies and institutions. Take a look at this great article dated December 19th by Bernard Wasow in The Globalist journal. Mr. Wasow is able to shed some "reasoning" on the subject of government help... of "kick starting" the economy through infrastructure investments. Great reading. (BTW... China has already started to do such investments. JS)
With all this doom and gloom about the current financial crisis, it would be a good idea to reminisce about similar dark stories from the past and remind ourselves that we made it through those tough times. One of the things that always helps societies in times like these are technological, and other, innovations... that sometimes "come out of the blue". Article two is about such innovations. Martin Walker gives a concise, accurate description of innovations that will make... are making?... our lives better... and make the future brighter.
I for one will prefer to be optimistic about the future.
And you ?
We have chosen a black background to highlight our sadness and sorrow at the actions of so few who have destroyed the lives of so many... all in the name of greed.It is indeed a black day for global peace... of mind.
How could this happen ?
Where lies the blame ?
Who was lax in their oversight measures... duties ?
Is the USA completely at fault ?
Are global financiers responsible ?
Are North Americans more loathsome than Europeans citizens for acting in such a greedy manner ?
These and many, many other questions remain very much in the minds of not just the rich who have lost fortunes, but also in the minds of average citizens ?
This is grp.Starlight 's attempt at clarifying netizens' concerns.
Please join all civilized honest citizens in making your voice heard.