Economic Crisis bringing back better values

In any case I was wondering today that each down turn does bring some sobering but correcting mechanisms with it that makes us better as people and society. Last time when dot come bubble busted people became more rational about having business models and making real money before trying to sell their company stocks ... out of which came Google, Amazon and Yahoo...money making internet engines.

I feel this time the lesson is going to be about conspicuous consumption. It is true that as a society we have been too enamored with conspicuous consumption. Luxury items as opposed to necessary items have taken the center of national attention. MTV shows like "Cribs" is a tribute to this culture of loving exorbitant spending. I hope that the current downturn will bring back the ethical values back of sensible and reasonable living.

It is wonderful to pursue dreams of riches, but it is not reasonable to waste world’s resources as if there is no tomorrow. If we as a nation have more than we need then we need to spend it in research of future growth, sustainability and genetic research not on hilariously larger houses, toilets of gold and diamond studded cars. I hope Brian Greene, Warren Buffet, Bill Gates and Steve Jobs will become our heroes again as opposed to Paris Hilton, Britney Spears and Puff Daddy. I hope more progressive spirit will return to the masses as it did when we decided to put man on the moon in a decade.

America will emerge stronger -- Current Economic Crisis...it is just a standard event in the larger economic cycles

Today media, wall street and main street is going crazy these days talking about the current economic cycle being the end of times and harbinger of fundamental changes to how the world is going to be in 21st centure.

However if we take a step back then we will be able to see that this is just a part of larger boom abd bust cycle of the world economy that runs over ~80. Since most of us alive do not remember from personal memory 80 year cycles it is easy to think that this is a unique event that will change the world forever. Be it 1930 great depression or 1850+ civil war or 1770s independence war, just this nation has seen siginificant changes happening every 80 plus years that changes its face for the coming generation.

While in each of the past major cycles, people at the time thought that this cycle will bring the doom of this nation, American nation has risen each time stronger with brighter future than before and I do not think that this time is going to be any different. ... stay tuned for my next blog on why I think so.