This is a must-listen show. It discusses the how and why of the current economic crisis, including the US mortgage crisis and how it relates to the little guy, the Wall Street guy, the world pool of money, and everyone in between.
It is fascinating and horrifying at the same time. However, I think it has several general life lessons in it as well. Not to be paranoid, but they are truisms. Here they are:
1) never trust anyone else to make big decisions for you; you must make decisions on your own that can affect your well-being, and take the time, care and responsibility of doing so. As the old saying goes, no one is gong to do it for you, so you'd better look out for yourself.
2) Never, ever, ever blindly follow the crowd. Be an independent thinker. Even if the whole world is doing it, it does not mean it is right. Be guided by your own moral compass. As the story recounted in this podcast clearly shows, following the crowd can contribute to the general malaise of human kind, and fighting against it, can, at times, make more difference than you could ever imagine - to you and to all of humanity.
Listen to this podcast and learn about the makings of the current economic mess we are in, as well as learn something about basic human nature.
