The 'dead end street' of climate change

Just like the characters of The Big Short, its time
 to pick up the warning signs of a global financial crisis.

Attempts to pin down the root cause of climate change have frequently taken searchers down a dead-end street.

The causes are many and complex, but distillation of that cacophony of “noise” seems to lead inevitably back to human wants, as opposed to their needs.

Those wants manifest themselves in many forms, but at base, they are about greed; the desire to have more, mostly when acquisition exceeds a person’s actual needs and use and, when examined closely, in fact, adds nothing to their broader happiness or contentment.

The need of having more, and so an imagined leap in happiness and contentment is a failed philosophy rooted in a grasp for power and control that can  be seen in a way of life woven here in the story by Professor Avkiran.

A society-wide misunderstanding that the economy is meant to be the servant of man, rather than the master is evident in this report by Prof Avkiran.

Read the thoughts of an Associate Professor in Banking and Finance at The University of Queensland, Necmi K Avkiran, on The Conversation - “Shadow banking increases the risk of another global financial crisis.”