When is the next financial crisis? If we are to expect one every 5-7 years -we are just about due. Which street will you end up on – “Dead End” or “Muchmore Lane”?
Many have not recovered from the last one and I hear two conflicting things: the market is doing well, and yet so many are losing jobs, many can’t find work, and most of us are losing our financial security or status one way or another. One thing is for sure – those in charge of our assets/lives suffer no real consequences regardless of what catastrophes they ignite.
The 2012 JP Morgan Chase situation still rattles me. I’m no longer comfortable with the market and wonder when the next train wreck will make the numbers tumble again. There is enough pain and suffering in the world without people, companies, or organizations making it their business to destroy the working class in the name of capitalism. That is just cruel.
Was the philosopher Thomas Hobbes right? I remember reading his theories in college, one of which basically said that we will do anything we can get away with. I recall recoiling at the idea. “As Hobbes acknowledged, this account of human nature emphasizes our animal nature, leaving each of us to live independently of everyone else, acting only in his or her own self-interest, without regard for others.” Yikes!
This relentless bad behavior with other people’s money has me thinking about something I read a while ago – the “Obituary of Common Sense” I wonder what else is dead – leaving us in such a perpetual moral nightmare.
We have to get back to some simple rules. I am a big fan of Robert Fulghum’s “All I Really Need to Know I Learned in Kindergarten” Imparting simple things like:
- Share everything.
- Play fair.
- Don’t hit people.
- Put things back where you found them.
- Clean up your own mess.
- Don’t take things that aren’t yours.
- Say you’re sorry when you hurt somebody
- Wash your hands before you eat…
The truth is that everyone wants and deserves what each of us wants for ourselves and our families and friends. While films like Margin Call 2011 and The Ides of March 2011 have interesting ideas on the state of things, I remain a fan of Sidney Lumet’s Network 1976 because of a scene that eerily speaks to our current circumstances and shows an old-school version of “going viral.” “I’m mad as hell!…” but I have no idea what to do about it.