The collapse of Lehman Brothers on September 15, 2008.
Hubris and reckless greed fuelled the global financial crisis. Years of irresponsible risk-taking, opaque trading practices, and inflated asset bubbles culminated in one of the most catastrophic failures in financial history.
Why? Hoarders of wealth have an impoverished sense of success and they were also blinded by exceptionalism. We paid and continue to pay for their folly.
Millions lost their jobs, homes, and lives while governments rushed to bail out the very institutions and people that caused the crisis—protecting the wealthy while ordinary citizens bare the brunt of the of their stupidity, avarice and disgrace.
The chaos, precarity and delusion of financial markets effect us all to this day.
People still equate the affirmative action of generational and hoarded wealth with intelligence and as a north star for success.
We still consider markets and growth a helpful mechanism for measuring economic and well being goals.
We grant the financial system unearned credibility instead of using it as a measure of disordered thinking.
