Financial Anger the World Over, but Misguided
Charles Wyplosz, The Graduate Institute | September 30, 2008
Anger stemming from the financial mess is ubiquitous; the biggest backlash comes from outside the Anglo-American world and is directed at their unique type of capitalism. ++ The disparity between individualism and solidarity is the primary cause. ++ Markets are not perfect, nor are Adam Smith's theories. ++ "Arm's-length finance," a distinctly Anglo-American style, has made headway on the European continent; the "old boy's" network is simply "hitting back." ++ If Anglo-American capitalism fades, the decision will come from Washington.
Tags: | financial markets |
financial crisis |
financial reform |
transatlantic |
Sarkozy |
steinbruck |
Wed, Oct 1st 2008, 02:42
Jeff Hathor, www.engfuture.com, Silver Contributor (30)
Education: Higher levels of jobs skills require higher levels of base level education. The number of basic, intermediate and advanced level concepts must be introduced at a younger level. Adventure learning computer programs like Jules Verne’s Les Voyages Extraordinaires ("The Extraordinary Voyages") books turned into school learning programs which teach science, geology, math, oceanography, and more in a fun way so children do not even realize they are learning. The concepts are the keys to understanding.
New Super Colleges: Beyond Masters and PhD’s by focusing on how the past, present and future of human civilizations fit together and propel us forward. Understanding the foundation and creating the future in a balanced way, by creating a stable economy where breaking the next person or company is not the goal. Instead make the goal to Provide services and improve one’s job skill and experience to an enlightened level.
Problem solving: Advanced civilizations require higher levels of problem solving capabilities, and the ability to work together with other jobs specialties and cultures. Global problems require many skills and many points of view to first understand, develop a solution, then plan and implement the solution with adaptations to the plan as needed along the way.
Basic and Advanced Needs: Basic needs include food, water, shelter and clothing. In an advanced civilization we create new technologies that become a requirement such as transportation, telephone, E-mail, computers, books, tools, exercise equipment, computer programs and games and office space. Charles Darwin’s only the strong survive has become only the well equipped survive.
Cross Cultural Skill: A global community with many cultures and many languages require more skill in understanding and communicating with others. The patience to learn one or more languages, the patience to try and understand another point of view we may have never heard before. Individually we can only achieve a certain amount. Together as a global team we can achieve much greater things.
Sharing Concepts: As you know a concept starts and at some point is shared with others. Then others think about that concept and get new ideas to advance the concept. At some point a concept may become advanced enough to become a manifest reality.
Example:
James Maxwell (Scottish) = Electromagnetic Theory or radio waves.
Heinrich Hertz (German) = Created radio waves in the laboratory.
Karl Braun (German) = Cristal diode rectifier.
Marconi and Braun win Nobel Prize for wireless telegraphy.
Guglielmo Marconi (Italian) = marketable radio for use by the public.