Wednesday, May 26, 2010

Moral Hazard

With this weeks revelation that we now have the ability to grow computerized synthetic cells the question can now be asked, have we as a nation passed the threshold of moral hazard?. We seem to be on an accelerated path that is unsustainable in so many ways. I believe our unadulterated greed and desire for short term gain is the underlying problem in making the poor decisions we see by our government, and contributing to the decline of our economy, environment, educational system and society as a whole . As World leaders other countries have mimicked these shortcomings and are now feeling the effects of systemic damage just as we are. Our leaders have looked away as an elite group of speculators known as Quants have used a system of high frequency trading to wreak havoc on our markets and the result has fostered an environment of bubble creationism and wealth evaporation at unprecedented levels. We have deregulated our system so that petro-dictators are able to pollute our shores, illegal immigrants are able to pilfer our resources and come and go as they please. This type of situational thinking must somehow be changed and be replaced by a sustainable mindset if we are to correct the negative inflection point we are at today. Would it be such a bad thing to return to the roots of common sense that our fathers and their fathers taught us. Just as our World War Two Veterans will undoubtedly go down in history as the generation that saved the World, let us go down as the generation that changed it for the better. We can begin by mitigating our current problems and embracing the renewable energy market as a World leader in Education and innovation again by exporting our sustainable ideas for a brighter future for our children and their children.