Have you ever been asked by someone who looks up to you to answer a question that is not easily answered? A question about a subject that you barely comprehend. I was recently asked one of those questions. What is all of this economy, recession, and bailout stuff all about? The question came from my kids who happen to be in junior high. I have a tremendous amount of respect for my kids and generally, I want to speak to them intelligently and not talk down to them, particularly when I sense a hint of fear. So, I went through a cliff’s notes version of mortgages, investments, derivatives, swaps and housing construction. How good ideas were exploited and greed created a profit frenzy that was not sustainable.
Their response was: "None of the money that was made, was real." They got it.
In retrospect, my answer could have done more to describe the real causes. What I described seemed to be the symptoms of a sickness more than the underlying cause of the problems. I've had time to think about the causes and reflect. After looking deeper into the issues and removing the fear associated with a lack of comprehension, I am beginning to see a greater opportunity. Progression.
A Progression in our values. It has been our underlying values that have caused the recent financial collapse. Sure we have a struggling economy and people are losing work at an astronomical rate, but it's ultimately not all bad. We hear over and over each day about a recession and a potential depression. The reality is that we have a great opportunity to change the way we think and act. An opportunity to create new values that raise us out of the hole created by our past value system. We have the opportunity to progress in many ways. What if this change were to become known as "The Progression"?
Random House Dictionary defines progression as:
1. the act of progressing; forward or onward movement.
Isn't that what is really happening? Are we not actually moving forward? Aren't we in reality experiencing the end of greed and fear as the primary engine of our economy? We inherrently know that real value is created with ideas and actions that make things better for others, not through the manipulation of numbers with monetary symbols. We are experiencing the shift in human perception that will re-create the way people think, live and do business. We are experiencing The Progression.