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Feeling good in the credit crunch and bank bailout

Posted on: October 14, 2008

Harvard on the credit crunch and bank bailout

Two weeks ago or so, Harvard staged a panel discussion on the “credit crunch” and the “bank bailout”.  SocialMediaToday have video which is longish (1:36) but worth watching.

Many people will not watch the video fearing they will not understand it or because they think, so what – I can’t influence the politicians anyway.

First, the video is accessible.

Harvard professors are where they are because they are informed and communicate clearly.  They are refreshingly clear about how the mess developed and what might be done about it.  I found I developed a clear idea of the discussions I want to take place and the parts of the system I would be happy to see disappear.

Second, understanding leads to a sense of control.

When all is said and done, happy people exercise control.  By understanding what can and cannot be done, we figure out where to act and then we act.  Not understanding makes us feel anxious.  Saying “I cannot influence politicians” is “learned helplessness”.  It makes us feel awful!

Happiness is taking part

I am certainly going to trot down to the pub to meet my local politician on his rounds and ask him clearly what he will be doing.  I have a rough idea of the questions I will ask and I will watch the video again so I can summarize my ideas and keep it short.  Nonetheless,  I’d better be prepared to buy him a stiff whisky!

Once I start the conversation in the village in which I live, I am sure I will be educated further not only about what can and cannot be done, but also about other people’s hopes and fears.

Thereafter I hope we move to a positive consideration of what are we going to do about the impending changes in our lives.  I don’t want just to hunker down and hold my breath.  I want to be part of a conversation which looks at ways of taking the community to a better place for everyone – a place where we thrive in the increasingly competitive global knowledge economy.  I’ll let you know if I gain any insights.

I’d be interested in your thoughts.

UPDATE: For an HR Managers perspective on the Recession, I have written a summary on a new post.

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