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Tuesday, November 25, 2008

Of banking and photosynthesis

EU Communication Commissioner Margot Wallstrom’s blog is occasionally worth a read. Yesterday’s entry, ostensibly about the financial crisis, has some rather strange musings:

Can’t help thinking that the root causes of the economic crisis and the climate change crisis are very much the same : need, greed and feed.

Poor peoples’ need for housing in the US, speculators greed for quick money, bonuses and wealth in Wall Street and similar places, the willingness from the rest of the world to “feed” the American economy with loans/cheap money.

The short-range approach, the unwillingness to realise that – as with banknotes- nature can not just be endlessly reprinted or copied, the overexploitation of natural resources has led to a situation where we lose biodiversity at a scary speed – and at a very high cost. And even the golden boys working with “blanking” (speculation in ups and downs on the stock market) depend on photosynthesis to stay alive on this amazing little globe…

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