Monthly Archive for October, 2015

The Four Horsemen of the Economic Apocalypse

After the last crisis, no lessons have been learned!  It is business as usual again!.”  A leading figure in our economy echoed recently what I have hear from several commentators about lessons learned from the last crisis period.

The former Chief Economist of the World Bank, Joseph Stieglitz, wrote a 2009 article for Vanity Fair magazine in which he used this cartoon by Edward Sorel, depicting four horsemen responsible for bringing chaos and crisis to our economy, inspired by the apocalyptic horsemen from the Bible book of Revelation.4 horsemen of the wall st apocalypse

The real forces behind global economic trends are essentially spiritual, matters affecting the human heart – and this was certainly so for the last crisis period.  The four heart issues which Sorel depicted are: Mendacity (=deception), Stupidity, Arrogance and Greed; issues which are still affecting our economy today!

1. Mendacity, or deception, is rife. Just think of identity theft, mail fraud, and business deceit such as falsifying software to achieve certain desired results. (Diesel gate) Deception is rife in government, when our leaders break promises,hide costs and spin arguments … Jeremiah tells us, “The heart is deceitful above all things, and desperately sick; who can understand it?” (17:9)  Solomon gives us the antidote; “The integrity of the upright guides them, but the crookedness of the treacherous destroys them.” (Proverbs 11:3)

2. Stupidity.  We seem to fall so easily for all kind of attractive schemes – ‘get-rich-quick”, pyramid schemes always find plenty of investors. Our economic schemes are so complex that even those who devised them in the first place lose there understanding of what is going on!  Continue reading ‘The Four Horsemen of the Economic Apocalypse’