Global financial crisis: What can we do?

Wednesday, 8 February 2012 01:25 - - {{hitsCtrl.values.hits}}

Not a day passes by without bad news on the economic and financial front. Globally, we seem to respond to these challenges with more and more ‘band-aid and plaster,’ when what we need is ‘surgery and soul searching’.

The fact that we are living way beyond our means (economically and ecologically) is the root cause of the fast-deteriorating global economic health. This is compounded by the creation of ‘imaginary money’ through various speculative financial instruments. Unless we address these two fundamental flaws, the global economy will plunge into further crisis. At an individual and corporate level, we all can respond with less GEM (Greed, Ego and Materialism).