Sunday, October 5, 2008

One Take on the Financial Crisis

I will never claim to totally understand the financial crisis, nor will I claim that I totally understand the bailout bill, and that’s why I read a bunch of articles. Here’s one article that I found enlightening regarding why this crisis affects us all, whether or not we have stocks, investments, etc.:

This part particularly interested me: “We’re all connected. As others have pointed out, you can’t save Main Street and punish Wall Street anymore than you can be in a rowboat with someone you hate and think that the leak in the bottom of the boat at his end is not going to sink you, too. The world really is flat. We’re all connected. “Decoupling” is pure fantasy.”

I think this attitude is too often ignored—and not just in regards to the credit crisis. All actions we perform affect other people’s actions. What we all say and do does matter.

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