Nov 11, 2009

Global Economic Crisis

The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008 and into 2009. Around the world stock markets have fallen, large financial institutions have distorted or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.

On the other hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.


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