Monday 1 August 2011

Unprecedented unemployment will drive humanity to the next evolutionary rung..

Somewhere in HSBC's reported pre-tax earnings of 7 billion pounds is the announcement that the bank will cut 30000 jobs before 2013. It's a shame. Cutting costs, as apposed to increasing revenue, is easy. A case could be made for weak-minded management or overtly influential, demanding shareholders or the ever-increasing reliance on technology. Either way 30000 lost jobs seems outrageous.

Nevertheless, it's in times of adversity that humankind finds the energy to 'take-it-up-a-notch'. Harnessing this strife-induced energy is key and yet perversely it's always the comfortably-employed and therefore generally less-motivated who make the structural decisions. i.e: tax-breaks, access to cost-effective funding etc.  It's an unfortunate flaw in our humanity. Even so, I suspect this time will be different. There are too many highly-skilled individuals being forced into an entrepreneurial environment by a more restrictive formal market. By definition these individuals must be innovative and or cutting-edge to compete. That takes imagination which is an inherently unique and exciting concept!

Interestingly then, it is these individuals who hold the key to GLOBAL prosperity and NOT the 'too-big-to-fails'. These have failed us already.

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