October 14th, 2009
A recent article in Newsweek “How we narrowly avoided a depression” (Robert J Samuelson – Newsweek 10/12) just caught my attention. Its business commentary but in a way, it relates so directly to our work. Samuelson drew distinctions between 1929 and 2007-09, and talked about The Depression as one of serious economic downturn and paralyzing fear. He adds that “a devastating loss of confidence inspires behavior that overwhelms the normal self-correcting mechanisms . . . normal anxieties are converted into abnormal fears that trigger panic”. He’s talking about society but he might just as well be talking about human nature….