October 6th, 2008
The volatile market system
can only mean one thing: we're nearing the end of an era that's long
overdue to fall.
We're in the midst of a
turning point of an era that's been a central factor of our existence
and that of our ancestors. What used to be seen as a normal way of life
is now being hammered thin by a new perspective, questioning whether
that former way of living is indeed the best way to live life, conduct
business and establish relationships with ourselves and the environment.
What we're talking about
is the recent rapid decline of capitalism. As our markets have shown,
the so-called "free-market" system wherein it regulates itself
has been anything but, leaving as many highs and lows within the last
80 years as there are on a roller coaster.
The motion sickness is starting
to finally kick in, and it's going toa ffect the way we conduct business
from here on in. People will chime in saying, "it's cyclical, it
will get better." This is slightly true; our market highs have
had the longest duration in history over the last ten to fifteen years.
Though when things go up, they must come down.
The duration extended itself
beyond all reasonable capacity and its indulgence practiced by the general
populace who are nothing short of greedy has overloaded itself to the
point of implosion.
People are overloading themselves
on debts they cannot pay off. On the flip side we're seeing organizations
gladly hand out this money without even having a base of collateral
to reclaim should the debts default.
Another issue is the foundation
by which businesses are created and operated. Businesses were created
simply not because of a special talent or skill but merely to earn money
and nothing else. Organizations would practice a very detrimental system
of operations that sees sheer negligence on so many levels.
Business has adapted a "cut
costs as much as possible" mentality which, by no surprise, has
reduced the quality of the items we purchase. Outsourcing call centres
to countries like India to shave costs instead of employing home-based
operations of a similar kind. The question then becomes: would you feel
comfortable having your financial information, personal information
and other details about you accessed or available half a world away
in a politically-unstable environment?
Imports from China may save
a dime, but the danger is the risk associated with doing so. Chinese
laws are so lax compared to ours here in North America that they could
use specific chemicals, faulty parts or just plain shoddy workmanship
with the manufacturing of the products we so eagerly gulp down and scoop
up without any ounce of regret.
How is that a safe business
practice?
In a self-regulating market
there should be no government intervention. Therefore the US government
should not have interfered with a $700B bailout and let the system filter
itself out. All it's doing now is simply stalling the inevitable: a
full worldwide fiscal collapse.
Bit by bit we're seeing
this unravel on a daily basis. How long will it be before people start
to realize this?
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