Tuesday, November 25, 2008

We are living history

If you want to see a silver lining to our current situation it is this: We are living history. I’m not referring to electing a black president. That is so yesterday.

It is entirely possible we are facing a crisis the world hasn’t faced since the 1930’s… and it might take a decade to recover, if we do.

Fareed Zakaria sums it up:

Some of us—especially those under 60—have always wondered what it would be like to live through the kind of epochal event one reads about in books. Well, this is it. We're now living history, suffering one of the greatest financial panics of all time. It compares with the big ones—1907, 1929—and we cannot yet know its full consequences for the financial system, the economy or society as a whole.

No comments:

Post a Comment