The next 90-180 days may well bring the creative destruction of predatory immoral capitalism and the emergence of resilient moral capitalism.
“We are on the verge of an economic collapse which starts, let’s say, in Greece. The financial system remains extremely vulnerable.” (George Soros, 2011)
What is collapsing is the predatory Western system of financial terrorism against governments and publics. This is an opportunity for creative destruction and the renaissance of the Greek economy as well as the restoration of integrity – trust – as a foundation for a prosperous world at peace. In the process, capitalism will morph from top-down manipulative finance to bottom-up resilient community capitalism. It will also be redirected from a focus on making toxic things for the one billion rich to making useful lasting things for the five billion poor whose annual income is four times that of the one billion rich, four trillion dollars a year. Those governments that adapt to reality-based hybrid collaborative resilience will prosper–those that persist in trying to micro-manage that which they do not understand and those whom they cannot control, will fail.
Below are two current articles and two of the most popular book reviews on this web site, as well as an updated Reflections on Integrity.
The real Greek economy: owners, rentiers and opportunists
Aristos Doxiadis, OpenEconomy, 23 September 2010
California and Bust
Michael Lewis, Vanity Fair, November 2011