You have to read (listen) Martin Wolf (F.Times)
A few weeks ago I was fortunate enough to come across the Podcasts produced by the Finantial Times in which Martin Wolf reads his columns at the influencial newspaper. Of course, I would much rather read Martin Wolf, but given the scarcity of that most scarce resource, TIME, I can listen to him in my car on my way to work.
I absolutely recomend it to all those out there who struggle everyday to understand this magnificient and confusing world we live in.
I´ll just copy and paste here some lines I was just reading from Martin (I like to believe we are getting to know each other since he comes to work with me everyday...) In future entries I will use his lines as often as I can.
"fossilised sunlight and ideas have been the twin drivers of the world economy"
"The optimists believe that economic growth can and will continue. The pessimists believe either that it will not do so or that it must not if we are to avoid the destruction of the environment. I think we have to try to marry what makes sense in these opposing visions. It is vital for hopes of peace and freedom that we sustain the positive-sum world economy (..)This is going to be hard. The condition for success is successful investment in human ingenuity. Without it, dark days will come."
"These are historic moments for the world economy. I felt the same during the emerging market financial crises of 1997 and 1998 and the bubble in technology stocks that burst in 2000. This “credit crunch” may, I believe, be an equally important turning point for financial markets and the world economy."
You really don’t like bankers, do you?” The question, asked by a former banker I met last week, set me back. “Not at all,” I replied. “Some of my best friends are bankers.” While true, it was not the whole truth. I may like many bankers, but I rather dislike banks. I recognise their necessity, but fear their irresponsibility. Worse, they are irresponsible partly because they know they are necessary.
The above lines are in my opinion iluminating, but clearly to fully grasp the relevance and clarity of all of them, the rest of the article from which they are taken should be shown. This is not the place or the moment. But, again, Martin Wolf deserves the attention he recieves.
Bye.
