Japan Airlines (JAL), Asia's biggest carrier has filed for bankruptcy protection as reported in all of the major newspaper. Another incidence of bankruptcy after the American's GM as reported by BCC news. And I read across this line which says: nothing is too big to fail.
True enough. I always tend to think that when something is too big, defects might just happen somewhere and everything will just fall like a domino. However, it is also when something is big enough that it has the ability to guard itself against a crisis provided that the crisis is small. The big ones win when it's fighting against the small ones. And big ones lose when it's against the equally big or even bigger ones. What does all of these have to do with us? Have you felt the pain yet? It started off with US, now it goes to Japan, who's next? Or are we all still safe at this point because we have a China supporting us at the back?
Are there more to come? More bankruptcy of big firms due to the slowly emerging effect of the financial crisis cause more unemployment, thus increasing social problems. From an economic point of view, all of these causes negative externalities on the society.
Human Created all of these. We play within our own games, Fail within our own games and "stand up" again from the defeats. Ridiculous.
Along the process, what do we get? Some people became rich, some people became poor. The side effects of all these are what we call "global warming". Industralization and creation of technologies has improved the standard of living for a part of people in this world, but not for all of them.
Do you think that there's a possibility that the recent earthquakes and major natural disaster was caused by our own actions?
SOrry, I crapped. This post can be ignored.
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