I am reading this article on CNNmoney, which is about the record number of CEOs being removed from their positions in 2008, either through resignation or being fired.
There's a particularly eye-opening paragraph about the new generation of CEOs taking their place:
What is even scarier is that fact that their replacements -- at least so far -- don't seem much better qualified to navigate these rough seas. In part, that's a function of age: No one currently in the work force was of working age during the Depression; no one has first hand experience with a truly global meltdown. But it's also because the executives who are still around seem to have fallen into a type of paralysis that prevents many of them from making the tough decisions that they need to make -- perhaps because they, too, fear getting canned or forced out.
Since I am relatively young, I take a lot of the things that exist around me for granted. For the most part, things like global warming, recycling, internet, (advanced) automobiles, spacecraft -- anything and everything that defines a "modern world" have always existed in my lifetime. And to me, there's a sense and feeling that "we've arrived," "we've maxed out," "there's nowhere else to go." Of course, I know that's not true and I see news being made every day, but we all know that mankind and our science has made great strides in a short amount of time.
We all know that economy has evolved into a global entity, but now it's not just limited to how everyone needs oil from the Middle East. We've all learned about, seen, heard, and experienced times of recession and boom, but NOBODY has ever seen it on such a scale so NOBODY can know how to fix it.
With the passage of time and the "refreshing" of generations, humans as a species have started anew in trying to solve this recession/depression problem. We're living through history right now as it unfolds and will eventually rebuild. And like all of life's tough obstacles, we're going to experience the bumps and bruises and broken limbs, but we'll have a great story to tell later generations.
1 comments:
I'm waiting for Atlas Shrugged to manifest itself in reality. I think we have a broken system right now and maybe (hopefully) this recession/depression/financial situation will help more people to realize it.
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