When I Grow Up, I Want To Be Too Big To Fail

When I Grow Up, I Want To Be Too Big To Fail

The world financial system looks like it is doomed. We are already seeing signs of degeneration in our social and legal structures. The financial institutions that were directly responsible for the current financial crisis, far from being punished, were rewarded under the pretense of too big to fail. Bank Regulators and the Justice Department have failed to take any meaningful action against financial corporations, and not one individual has been prosecuted to date, despite well documented widespread corruption. Full blanket impunity, if you will.

So, what happens in a society when one interest group is too big to fail, too big to jail, too big for trial, while the rest of the people see their basic rights disappearing right before their eyes? Is there a way to reverse this, and if there is, what will it take? Do we elect a better president and government? Do we hit the streets? Do we start a revolution? Or, do we do nothing and watch the empire fall? I believe that the biggest problem is not the government or banks or corporations, but an uninformed population. And therein lies the solution. When the population is "too informed to fail", then corporations and governments would be unable and unwilling to corrupt the system. Iceland did exactly that.

Given that we are on the verge of catastrophic climate change and likely unrest due to depletion of natural resources, if we have any conscience, and if we care for future generations, we need to rethink what kind of a world we want before it's too late. Any informed person can easily verify that we are heading in the wrong direction. Every aspect of life needs to be rethought, from our financial systems, to the environment, to our personal responsibilities. And for that we need to be informed, and we need to inform. After all, the world is a common heritage of humankind, not meant to be exploited by a select few multinational corporations and banks. Educate yourself!

Song of the Day: Trouble Loves Me - Morrissey (1997)
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