This is not an economic crisis!

Rarely have I felt as frustrated as I am today by my inability to express what I see in the world.

Roaring in every publication that matters, are thought-leaders deploring one aspect or the other of economic, political, or social impasses manifesting throughout the world. From the Singapore sling to the Arab spring, from EU’s self-undermining choices to US’s standoffs on fiscal policy, you name it, we’ve got it all.

The idea that I cannot quite clearly express yet is that all the crises discussed today are symptoms of a single common cause.

This cause is a matter of life-cycle – worldviews that have dominated systems of thought during the past decades are coming to an end and there are no suitable substitutes in sight, for now. A “mindset cliff” faces the world, as the “patents” held on predominant ideologies are set to expire at an unprecedented pace and scale.

So, where do I begin?

  • Raz

    Anywhere. Then go on from there.

  • Catalin I. Cighi

    I'll count this blog post as anywhere

  • Anonymous

    Of course we have an economic crisis. A crisis is in the eye of the beholder. The majority of eyeballs currently perceive a crisis.

    Yes, the crisis is ephemeral, over rated etc. The smart money will pour into equities soon. Flooding the world with money must lead to a rise in prices. And with temporary low interest rates, a speculator's perfect environment.

    Rather than pontificate airily, try and suggest how we can improve matters.

    A friend, when a student, once sat listening to senior economists explain why the world was rosy. He was ejected after screaming out "it's OK for you mate, you can afford socks". Cold toes was one of his many crises.