Wednesday, January 28, 2009

Crisis..... Let's Have A Meeting

Davos '09 see's the thirty eighth meeting of global political and business leaders in Switzerland. It's that time of the year again as the world goes about trying to save itself from the mess it created in the previous thirty meetings. It is comforting to note that Citigroup are part of the Global Risk Network seeing as they have been so successful of late managing their own internal risk, the lunatics have well and truly taken over the asylum!

One of their main findings is that developing nations economies aren't as decoupled from major global economies as previously thought. Surely this isn't a surprise as globalisation is about the interconnection of all economies for the generation of wealth for the chosen few. What we want to see this year is real leadership and not the pandering to global business of previous conferences. A clear strategy will have to be formulated to ensure a Malthusian future does not await. Unfortunately it appears we lack both the vision and the political will to devise never mind implement adequate solutions.

If Diamond was right in hypothesis of why societies collapse then we are all in real trouble.... What song to soundtrack this doom and gloom? I think I'll go for the Arcade Fire, "Intervention".