Strategic Futurists; Value Systems Specialists

Events

Financial Crisis 101 - a smart diagram that explains (mostly) it all

Friday 21 November 2008

The link below will take you to a great little diagram that explains the unfolding of the Financial Crisis as most people know of it. As Marcus Barber explains, it doesn't delve too deep into the structural design of the financial system, or start at the 'true beginning' of the problem and it does explain in a very easy to follow way, how certain events occurred and what the results of those events were.

Put together by 'Wallstats.com' a blogger who has posted the map onto the Mint.Com blogosphere, this diagram is recommended to anyone who wants to get a handle on how certain signals of the emerging future are ignored by people who were supposed to be on watch, how vested interests make public statements aimed at achieving their own ends rather than those that might benefit the whole system, and how economic systems are not 'systems' that run by themselves - they are structures that human being create to deliver certain outcomes.

From a strategic futures perspective, this diagram highlights the way in which we behave inside the financial system.  There's more to be learned and more issues to be considered in the biger scheme of the model and one thing is clear 'top down' levers like interest rates, and 'trickle down' theories of economic development are mythologies about the ways in which human being operate in response to the way the financial system works.  The diagram tracks events as they unfold and delightfully, uses quotes from so called experts as the mess began, to show just how ignorant we can be when we don't pay attention to what is emerging and when we don't question the assumptions we are making

Link to diagram here


See more events...

Keep informed - Sign up

Look ahead for your business - sign up for your exclusive updates.
name

email address

Events

Asia on the Rise - why Australia's Neighbours Will Leave us Behind
Wednesday 31 October 2018
The Asian Productivity Organisation has shifted gears from being a centre for member countries to talk about productivity, to one that now wants to upskills its member countries. We've just completed the first chunk of helping National Productivity secretariats to ready their staff for a more proactive, future facing approach to their Country's development
Read more...
10 years on from the Australia 2020 Futurists Summit
Friday 19 October 2018
The question is, 'how does the thinking inside this document stack up?' Turns out, pretty good. What we spotted and what problems we said we'd have to watch out for, are just about spot on
Read more...
BBC Article on the Future of work and the likely skills needed
Monday 15 October 2018
it’s OK not to know your career path when you leave university – sometimes that won’t emerge until much later down the track,” Barber says. “We should remind kids that the pathway they select to start off with is unlikely to be their final pathway,
Read more...