music, technology & life in pasadena, california

A Few Words on the Banking Crisis

The current financial crisis in the US is a perfect example of what happens when government adopts a laissez-faire attitude and businessmen are allowed free reign to expand their “synergy” in the marketplace. Deregulation in the financial markets has set the stage and invited the possibility of abuse because human nature, at least among the humans that comprise the business world, consistently falls to the lowest common denominator of ethical behavior.

You may say that it doesn’t matter, that deregulation has allowed the US markets to grow and prosper far beyond anyone’s wildest dream, but if there isn’t a “there” there, it’s as vaporous as a desert mirage.

September 19, 2008 | Link to this entry


Paul Viapiano is a guitarist working in film, television and live performance based in sunny Pasadena, California.

You can email me here.

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