Monday, 23 February 2015

Leaving the past behind. Economic recovery and a sustainable future…

The relativity of recovery, is our economy going in the right direction?



We are all weary of hearing about concurrent financial woes and economic crises, which seems to be like a wildfire reigniting when the slightest of winds reach it. Once again there is Euro-trouble and Germany faces off against Greece in a troubled negotiation of a deal to make Greece into something many will say has not existed for hundreds of years, which is a prosperous state with a lowly leveraged debt ratio present on its balance sheet.

So if we had the same troubled headlines 7 or 8 years ago, why are these troubling headlines back into the world’s media of today? Politicians all over Europe will argue about Greece’s heroism in confronting corruption, change, unions, etc… but the reality is that Greece’s failure to conform to “market expectations” in its EU bailout deal is down to three kernels. Changing international market conditions, unrealistic EU demands/critical errors in judgement and of course a clan type culture in Greece, which is currently dominated by endemic corruption, nepotism and greed. In short, I believe the downplaying of Greek cultural attitudes to austerity and the resulting positions of powerful grassroots people and groups has set Greece up to ‘fail’ despite the best of intentions to the contrary. If you don’t accept something is inherently wrong, you will never attempt to fix it. A sad but true fact that has left me wondering, if we are doomed to repeat such impacting mistakes with such gleeful enthusiasm, what hope to we leave for our children’s children who would be better served receiving an economic future that is at the very least headed in a sustainable direction?

A profound question we all should consider even if the world does keep on turning and we see a continuance of what was in what will be. On that note, if we value a sustainable future for our children’s children, here are some points of consideration for that golden tomorrow:

Intuitive Bias. We make too many decisions of an impacting nature based upon our intuition (summary of our past experiences). What needs to change is us in terms of what we bring from our past; relying less on past outcomes and more on learnt lessons we gleaned from our experience, applying them to decisions on present day problems for better future outcomes.

Think outside of the box, as creativity knows no limits. We are bound by the rock we live on, which leaves us with a limited amount of resources we can pass onto the next generation. What is without limit is the horizon of our mind’s eye so thinking outside of the box in a limitless search for better solutions will positively enhance the impact our limited world will have on our children’s children.

Think collaboratively. It’s not a given for everybody to think collaboratively, but what if we all tried? For if we think collaboratively, we share our vision with others and they with us to a common purpose and outcome. After all, it’s not just our children that will benefit from our collaboration; it’s our neighbour’s children too!!


Greed is a vice that our children’s children will pay for. There is no sustainable future in overarching greed, for it’s a parasite that bleeds the life out of a sustainable future. A leader who could take all but decides to delegate the success, reward or even kudos to his team sets a standard that all should follow at all levels. By embracing community and sharing success, we reach to those less fortunate today giving them a hand up, who just may repay us tomorrow when they are donned with a ‘lucky break’ and want to be kind like the guy who help them out when they were at rock bottom. In denying over arching greed, we allow ourselves to be lead by purpose and share our humanity to common outcome.

True genius is knowing nothing but wanting to learn everything. Its hard suppressing ego and realising that the more we learn, the less we know. It’s one of the hardest hills we have to climb but when we do, we become stronger and more balanced in quantifying our true place in the universe along with gaining a clearer vision for the path ahead. Vision is a critical factor in creating a better tomorrow and is a capability within us all. We just need to dig deep to find it.  When we do, it’s amazing what becomes possible!

Learnt lessons as an aid. We don’t have all the answers and will continue to make mistakes, but if we embrace a sustainable future as the objective of today’s labour, then we will take our learnt lessons from the past, incorporate them into our decisions and plot a future free from past mistakes so that our children’s children will enjoy an outcome better to what we received from our fathers. Deploying learnt lessons allows us to evolve on a sustainable path once we keep the longer-term view in focus.


It’s a huge ask of any one person to “change tomorrow” and one day, one person just may with exceptional vision, ability and courage. However, what will impact tomorrow with much greater efficacy is our communal commitment to a sustainable future where our children’s children will inherit a better economy, culture and planet from us along with the responsibility for continuing the journey started by those who have gone before.



Credits/Sources:

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“Public Domain”


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