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The Forum > Article Comments > Seeing the financial crisis through a crystal ball > Comments

Seeing the financial crisis through a crystal ball : Comments

By Richard Denniss, published 28/1/2009

In the absence of a crystal ball the best strategy is to base spending decisions on what you can afford.

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Difficult to fault Richard Dennis’ “There is no certainty or precision in this world, and, at least for things as interesting and complex as our societies and economies, --.” But, as with the Scottish wag’s “keep Scotland tidy, throw your rubbish in England”, it’s a fair guess that limits apply to actions.

We’ve thrown the accumulation of millions of years of fossil carbon into the atmosphere in the space of a century or two. On top of that we have rabbited on over that short period so that there are now not one, but 6.7 billion consumers out grazing on the environment at any one instant: all feeding like crazy with wool over their eyes, except for the poor devils that are starving.

If the gurus doing the economic forecasting de-mist the above certainties from their rear vision mirrors, their deliberations might make more sense
Posted by colinsett, Wednesday, 28 January 2009 10:25:40 AM
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Per the previous comment, it would have been good to have mentioned that the world may be fundamentalling changing. Check Peak Oil and Climate change. These are new and should affect 300 years of history.
Posted by Michael Dwyer, Monday, 2 February 2009 9:40:04 PM
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