Harvard on the credit crunch and bank bailout
Two weeks ago or so, Harvard staged a panel discussion on the “credit crunch” and the “bank bailout”. SocialMediaToday have video which is longish (1:36) but worth watching.
Many people will not watch the video fearing they will not understand it or because they think, so what – I can’t influence the politicians anyway.
First, the video is accessible.
Harvard professors are where they are because they are informed and communicate clearly. They are refreshingly clear about how the mess developed and what might be done about it. I found I developed a clear idea of the discussions I want to take place and the parts of the system I would be happy to see disappear.
Second, understanding leads to a sense of control.
When all is said and done, happy people exercise control. By understanding what can and cannot be done, we figure out where to act and then we act. Not understanding makes us feel anxious. Saying “I cannot influence politicians” is “learned helplessness”. It makes us feel awful!
Happiness is taking part
I am certainly going to trot down to the pub to meet my local politician on his rounds and ask him clearly what he will be doing. I have a rough idea of the questions I will ask and I will watch the video again so I can summarize my ideas and keep it short. Nonetheless, I’d better be prepared to buy him a stiff whisky!
Once I start the conversation in the village in which I live, I am sure I will be educated further not only about what can and cannot be done, but also about other people’s hopes and fears.
Thereafter I hope we move to a positive consideration of what are we going to do about the impending changes in our lives. I don’t want just to hunker down and hold my breath. I want to be part of a conversation which looks at ways of taking the community to a better place for everyone – a place where we thrive in the increasingly competitive global knowledge economy. I’ll let you know if I gain any insights.
I’d be interested in your thoughts.
UPDATE: For an HR Managers perspective on the Recession, I have written a summary on a new post.
- A big crunch and a big bang
- You know, that credity thing
- Sing and dance to the music of the recession!
- To have created a window of opportunity is the British genius as producing Obama was the American genius
- Hope: how can this touchy-feely stuff help me during the recession?
- Positive psychology on despair and world conflict
- Can you stand up in front of 1000 people and state your personal elevator speech in 20 seconds?
- A casestudy of good HRM from Africa; and now from UK please
- Would I ever vote for the right?
- Cost-cutting is upside down and inside out