Sunday, April 11, 2010

Blog Homework: Economic Crisis



The crisis has been a very popular problem since it began; it is a little obvious because it affected a lot of countries around the world. The title of the blog I read is “The Economic Crisis: Who is to blame?”, and by reading this I think that there not a specific culprit, but thousands. I think we should blame the irresponsible conscience or attitude of all the borrowers who didn’t make their payments on time, because of this fact the flow of money became slower. Things like this made the savers to lose their confidence and wanting to retrieve their money and cause and even worst situation for some banks, which at the end collapsed in few days. Also we could blame the banks for giving so many loans without having control over them.


I don’t like the idea of being looking for someone to blame, instead of that we should be trying to look for solutions for this global problem, and we can’t depend on the government because we are not sure if the government would be able to find the solution. There are a lot of countries suffering because of this crisis, and we must help them. I understand that if we find the real culprit, we could prevent any other similar situation like the one we are passing through today. But anyway, it is more important to find solutions instead of looking for someone to blame. I still don’t understand why this happened, I mean, didn’t we learned something from the last great crisis? Well, during times of crises the societies must be together and help each other because union is strength, and maybe then we should be able to solve any problem.

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