Financial or Multi-Dimensional Crisis?
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entrepreneurship has become more dominant in the national and global economies. As many creative minds are absorbed by the war economy to support wars, entrepreneurial creative minds are being tapped by financial institutions to create various financial instruments of ever-fancier derivatives, collateralized loan obligations, mortgage-backed securities and bonds. These are strategies to create not value but just profits.
Competition in the financial economy is often a zero-sum contest. For every investor or speculator who wins, there’s another who loses. It builds a ‘fictitious world’. But competition in the real economy generates creativity, better products and consumers. It builds the real world, however badly organised that is. .
We have all consciously or unconsciously participated in creating the fictitious world. Today, the fiction is breaking up and
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