Dear friends,
Have you ever stopped to consider for a moment the true origin of the havoc and economic devastation we are going through all over the world?
To the best of my knowledge, the greatest financial and economist brains everywhere seem to be at a loss to understand how we have been able to reach the present slum, many consider the worst ever since the 1929 great crisis…
There is, however a certain consensus that the starting point has to be found in the sub prime mortgage loans that were contaminating the entire economic system with billions of dollars in the so called “toxic assets”.
And yet, I strongly believe that we are losing sight of the true and prior origin of this chaos. I would say it is just the normal consequence of the wave of materialism that have been flooding the whole world, but even more so, our “beloved” first and “civilized” world, as of the end of WWII…
Our culture has been, and still is, the culture of money, image, fast success and power. Each time, we want to have access to more riches and to enjoy life as much as possible, no matter at what cost. We have been used to live in many cases far beyond our true possibilities.
Those who were already rich wanted to be richer and it was of the utmost importance to succeed as fast as possible even at the risk of hurting other people…
Greediness and acquisitiveness are the basic ingredients to be able to get there and be respected and admired, to have our ego well overwhelmed by the conceit of what we have been able to achieve…
Eventually, this unlimited ambition opens the way to unmeasured corruption, as in those cases that have ended up in the collapse of the biggest banking or insurance corporations, not to speak of people like Madoff…
And now we are all shaking and fearing the nerve-racking consequences that lay ahead in the next years to come. But have we learnt the lesson? Or as soon as matters come back more or less to normal, we shall revert to pump up once more the bubble of materialism?
What do you, my friends, think?