Archive for March, 2009

The State of Our World Today

All of the farthest reaching tendrils of human history have led us to where we are now. This world–which could so easily be paradise–has gone astray, and has become an uncomfortable chaos. Perhaps this sounds ridiculous, but the truth of the matter is that we have known nothing but chaos, and cannot even conceive of [...]

Financial Crisis

WHY DIDN’T THE SENIOR MANAGERS OF FINANCIAL CORPORATIONS SAVE US FROM THE PRESENT FINANCIAL CRISIS? The matter that I would like to discuss here concerns the present financial meltdown. Let us start off with a short summary on the cause of the financial crisis. In August 2002, a macroeconomist discovered a housing bubble. Dean Baker [...]