Panic
Image via Wikipedia“The current situation calls for urgent and exceptional action,” finance ministers and central bankers of the Group of Seven major industrialized nations said following their meeting in Washington.
Really? So where is it then? If this is the best G7 can come up with then we need more effective leadership, don’t you think? With leadership like that we are in for a tough run and the truth is, we shall have to look after ourselves. We have done it before and we shall do it again. We have been the G7 the world needs. There are a lot of people out there who know so much and these are the people who will help stabilise the market. They won’t be talking about it, they will be doing it. And that’s the point of this exercise, isn’t it? Haven’t we leaned now that we actually need to co operate as a world to fix the damage of leaders who have taken us from one mess to another? The domino effect is starting to take place already. Doesn’t take long. Iceland is in trouble and that in turn is having an impact on things like properties in other countries. Iceland was doing really well but now it isn’t. A lot of people are going to get hurt by this because a deregulated market has some big black holes which just suck up money. Free enterprise is going to cost a lot of people dearly. Democracy is going to look rank and people will have a long hard look at human nature. The soul searching and reflection will happen but we actually need some good crisis management in place. We need to know what to do that will help. When we talk about democracy we generally mean freedom of speech, fair trade and reasonable business practices. We are finding out that deregulation and free market enterprise can wreak havoc. G7 needs to sound as though it means business and it needs to sound as though it can lead us. If not, we’ll talk to each other and sort it out. This is why it is so important to have leaders who can communicate honestly, openly and intelligently with each other.
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