Is The Financial Crisis Actually an Existential Crisis?

Economists the world over scour the globe for the fastest growing companies and countries. Consumption appears to be an insatiable, thumping urge that only¬†more might satisfy. This “blind pursuit for growth,” is what has spread to all corners of the globe.

And that, says a handful of authors including Joseph Stiglitz and Michael Sandal, is what we should stop – or at least it is what should come up for re-consideration.

According to correspondent for The Economist, Patrick Lane, the financial crisis is not so much a mechanical malady for the Western world. It is a moral one – one that needs more than just harsher regulation for banks and finance.