Japan’s extremely powerful earthquake has caught our attention and concern.
With qualifying statements (‘finances are not the most important focus right now’), BBC radio, minutes ago, touched on effect on insurance giants stock. That made me wonder how much ‘market chat’ is at play. Not a great deal in my quick search, but certainly market players are keeping close watch.
This from Reuters:
While the full extent of the quake’s damage was still being assessed, analysts said the images and reports so far did not suggest a major economic and financial disaster. Construction companies such as Kajima Corp were seen as potential gainers.
So I’m thinking… I easily understand the ‘logic’ of financial market response to major events, both natural and human-created. But the logic only holds “within the box” of traditional and existing economic ‘paradigm’. Economic structures are a human-made. They are not rooted in irrefutable laws of the material universe, or even such laws as may be true of a non-material universe! We’ve invented, developed, the existing structures out of traditional, ‘evolved’, systems. Our purpose has been to resolve “resource management and distribution” needs. These systems develop like other technologies, as in transportation for example. As we’ve done with other inventions, we can re-design economics.
I wonder if we can design economic structures that foster equitable distribution of essential resources and services in such a way that we outgrow concern for fortunes lost or gained in times of anguish.
I wonder if we have the courage and belief in our creative capacities to do this. I wonder if we have the confidence – to trust in, to follow the lead of, our deeper compassionate natures.
If you’re asking me – do I, personally, have that much confidence in human potential to invent compassionate and justice-driven economic systems? The answer is “Yes. I do. The potential, even the impulse, is in-born, is part of our essence.”
“We’ll have to understand and release deep-buried insecurity issues first”, I would add.
?? –MaggieAnn, just thinking, just asking … just wondering (about the 21st Century)…??