We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Monday, August 23, 2010

Preparing for the Next 'Black Swan'

by Jane J. Kim from The Wall Street Journal.
...not every investor is trembling with anxiety over the next financial blowup. Some are embracing the market's volatility—and constructing portfolios to profit from it.
At the Wall Street casino you can bet on economic disaster--you know, the kind that destroys communities, families, creates homelessness, alcoholism, suicides, etc.--and get rich! Ain't capitalism wonderful?