The Economics Journal

Bringing economics and finance closer to common people

Archive for the ‘Science’ Category

World moving towards Mediocrity?

with 3 comments

The greats posing for a photographThere is a possibility that Citi might be broken up and other financial firms chewing portions of it. They ran out of options after the Wachovia debacle and world’s one of the most oldest and globalized bank might meet its end. Sad :( . I think this year would mark one of the greatest points in world history. Never before were so many major corporations were close to extinctions in this way. Not during Great Depression. Not during Japanese lost-decade. Not during Asian financial crisis. It is not the end of the world, but depressing and the fact that not many great leaders are arising in the world. Its though we are leading into a vacuum lead by a lambs. In the 30s and 40s there were so many great political leaders – Churchill, Gandhi, Roosevelt, etc who could lead us the vision and hope, when world faced dire situation. Does anybody, in any walk of life command that much respect?

This is an article that I wrote a few years ago and I think it makes sense once again.

Read the rest of this entry »

Written by econjournal

November 21, 2008 at 1:51 am

Posted in Innovation, Science, Society