I share with you the words of Jan Öberg, PhD, Peace researcher, on the topic of the economic crisis:

“The hypothesis I (Jan Öberg that is) advance here is that ‘bailout’ is a catchword for a systemic breakdown, a cover-up for deep anxiety about its consequences and a quick-fix of the sort Einstein warned us against, namely that “the significant problems we have cannot be solved at the same level of thinking with which we created them.”

In short, I don’t think it is an economic-only problem so economists have neither monopoly nor the broader wisdom to guide us.

Secondly, it is not a passing crisis, it’s a step – one more – towards global system breakdown. The other elements contributing to such global breakdown are things like wars and militarism, global warming, food crisis, the failure to meet the Millennium Goals, the energy crisis, the emptiness that accompanies global materialism, the vulnerability of each actor in the globalization process, the war on terror and the attack on democracy in the direction of disciplining us and make us passive by instilling fear for the future – fearology, as I call it.” 


“Empires going down are dangerous. That of the U.S. could end up – in contrast to the British and Soviet empires – with the combination of economic melt down and nuclear war.

Therefore, we desperately need a completely different global dialogue on the meaning of economic life. We need to help each other move out of the cul-de-sac of the authoritarian economic policies that cost about 100 000 people their lives (September 11 x 30 per day), threaten to make life impossible on earth for our grandchildren and future generations and is imposed on us every day as the only economy thinkable. 

We are living in dark times. In darkness it is, by definition, difficult to see. There must be some who can light some candles? For the big deception remains that this globalized, raw capitalism is the only and the best humankind can come up with. Well, let’s hope the ‘crisis’ leads to new thinking outside the box.

Blind following leaders into the darkness means doomed to domino down the drain.” 

What Jan Öberg points out here corresponds well with my views concerning the current economic crisis and the world system we live in. For further reading visit: http://www.internationalpeaceandconflict.org