WorldWideFuture Weblog

the future of education, politics, science and art

Show me the money!

Everyone seems to be talking about billions in bailout money…for everyone from financial institutions to car manufacturers. The US is ready to dump billions…Canada, Europe, Japan, China, etc. ready to follow. Brings to mind some interesting questions…

Where is this money coming from? If this money already existed, why wasn’t it used to pump up the economy or help rebuild infrastructure in the first place? How can all these governments, crying the economic blues for so long, have all this incredible supply of money just sitting there?

If all this money is virtual, isn’t virtual money the problem in the first place?

If this money doesn’t exist, which generation is going to pay for the trillions in bailout money?

Here we have the case of giant corporations, who have paid exorbitant funds for the acquisition and retention of financial “experts”, only to be brought down to the brink by negligence or basic lack of foresight. How can we expect them to utilize the money wisely, and who do you really write the check to?

While I have not been scanning the net deeply, I have been watching the TV news and reading the odd newspaper. Seems to be some really important questions to answer, but like many instances in the recent past (like invading Iraq) we don’t have a viable “fifth estate” asking them. This does not bode well for the world wide future. The biggest question: where is the media when you need it?

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December 18, 2008 Posted by | economy, future, politics | , , , , , | 3 Comments