East and south, best place to prosper
The west has accumulated wealth for over 50 years now which has caused the local populations to grow an overall lazy mentality around power and material security. The wealth grew by using the low wage countries s.a. China and India to their own benefits. Those countries in turn created their own neo-capitalist development and growth of wages and wealth and prosperity. This is however not yet generalised and has not been turned into a social welfare system s.a. the west. Here we have huge mountains of accumulated funds that have been saved through hard labour and a social insurance system that was to cushion any individual temporary problems. Those funds reside in social security funds managed by governments, life and health insurances managed by insurance companies, pension funds managed by special fund keepers and banks, savings of people and the wealth of qualitative good housing the is a colatoral for morgages together with an economic climat providing work for all. The accumulated wealth of over 50 years of national saving evaporates within days after the credit crisis because of structural mismanagement of risks, motivated by the greed of share holders and the capital needs for an aging population. Most of this money has been gambled into risky environments, blowing up a cash ballon that was to blow up into our faces at any time.
The problem is that most of the economic stability is not based on the working mentality of the population but around those huge mountains of cash. When that evaporates suddenly the lack of initiative of the population is exposed and the overall dependence on such risky systems. The question arises how the governments and, more importantly, the populations are going to react when the real vulnerability shows and unstability proves to be more persistant than expected. In the line of rationality people who want to keep up their wealth within an environment of lack of sensitivity to common values, tend to take more irrational decisions potentially causing further instability and even chaos or terror.
The east and south are huge geographical areas with important populations that can now show their real power to the west to avoid a total decline. Meanwhile the growth in those areas, focused on their internal markets only or among countries in the east will be the best place to be for quite some time, until the west finds a stable course out of its own mess again. We only hope that the east learns from these unique mistakes for mankind and introduce safety systems in their accumlation of wealth to ensure the balance between social security development and the motivation of people to maintain it within the bounderies of common values of respect and common sense.
Credit crisis is just a beginning
Despite the capital injections into the leaking banking system the crisis has only just started. The reason is not just the greed of some selfish CEOs acting under pressure of share holders. This is just the top of iceberg. The problem is the cooling down of western society. Welfare has become too easy, too much a matter of fact to most of us. We take things for granted and it is all right to misuse the system a bit. Government does it all the time, keeping in place double bureaucracy and simply increasing taxes instead of any form of leadership. Society has grown selfish, egocentric, greedy an materialistic. We donot see the border anymore between what is good and what is bad. We overconsume, misuse our environment, our body and our relationships. All this has surfaced now with the credit crisis. First the banks, then the car industries, the real estate and then grocery stores, the medium sized businesses, etc etc. It all crumbles into bits and pieces.
People start acting irrationally within the environment of greed and misuse simply making things worse. We run the risk of entering into a long period of chaos or even terror.
Big capital injections are rational patches to a leaking system. We need to work also on our values. And that is the hardest part. It requires true leadership that shows our society that our wealth, our environment and our fellow people are worth the reasonable effort.
Evolution of society since WW2
Multidimensionality
Multidimensionality means that one thinks and acts within the frame of three pilars:
- What can I contribute to create and maintain a healthy and motivated society?
- How can I contribute to minimizing our ecological footprint?
- What added value do I provide to my community, market, country?
As a person one can act according these values and as a business enterprise one can as well. In that case we call this multidimensional entrepreneurship. A profitable business foundation is created in which money is not the ultimate goal but a means to achieve the above added values. If we all, as a person or as a business behave according these guidelines we will change the world into a better place within a decade.
