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Chandrakanth M

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Is crisis good in its own way ??

Great depression, Asian crisis, Lehman’s failure and the latest euro zone debt issues; though have had major Impacts on the growth on certain economics of some countries, lessons learnt from these crises have helped many emerging economies.
It’s only in crisis, when countries will realize their real growth against the inflated growth and the necessary actions or reforms which are needed.
It’s only in crisis, when countries will have a chance to know the importance of their neighborhood countries which can mobilize foreign investments and increase cross border transactions to help the economy of the affected country.
It's only in crisis , when countries will understad the importance of the financial architecture and the after affects of complex financial products

My question : Is crisis good in its own way ??


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    Feb 6 2012: Considering we already had pretty much every type and kind of crisis in history at this point in time it is pure ignorance/arrogance on a massive scale in which we repeat our mistakes.

    So.. Yes crisis is good, BUT only if we learn from it collectively -> and NO crisis is bad, because we are repeating history's mistakes all over again.

    Does anyone really think monetary systems are a modern century invention? That banks are a new type of corporation?

    The only difference between today and 1 A.D is the number of people + technology => the ideas are the same though = tax, bank and repeat.

    *** I'm an absurdist on topics of economy because it is based on philosophy but mutated into protocols, laws and privatized organizations. I would rather promote ideas such ideas as the Venus Project or anything similar (which there are, but they are not as extreme) -> which is really what this world needs, some extreme actions to push globalization into a positive direction. As of now the best futuristic thought (in my opinion) to push the world together would be an outside threat i.e. aliens attacking. That still being problematic in many dimensions of thought - one hell of a crisis, no?
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      Feb 7 2012: Yes , People in groups by forming new international / national monetary groups can be used to monitor the occurance of crisis.

      Technology can be used to monitor and regulate new products and their transcations , which are at times can be root causes for damage.

      Hence , people and technology can be major resources which are , if used in a proper direction can monitor and avoid crisis.

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