Tuesday, October 28, 2008

Intimacy

Walking into Denver's downtown this morning to do some errands it occurred to me that a possible way of looking at the cause of the financial crisis is through the lens of intimacy or, in this case, the lack thereof. As I strolled in the sunshine I was thinking of intimacy as meaning detailed knowledge of and deep familiarity with a thing or a person. That is simply what arose in my head.

Lenders were not intimate with their borrowers' financial condition. Borrowers, in many cases, were not intimate with the terms of their loans or with their own financial positions. Both borrowers and lenders may not have been intimate with themselves, ignoring their doubts or misgivings about what they were doing. Heads of banks and financial institutions were not intimate with what their organizations were doing.

In other words, maybe it all boils down to an entire culture not paying attention to details, glossing over unpleasant facts, realities and twinges of inner discomfort in the quest for monetary success.

I wonder if this crisis will help some people wake up and start tuning in and, in an intimacy-building way, turning inward.

1 comment:

Kate said...

Some time ago I went to a lecture that included a showing of "An Inconvenient Truth". When the movie ended, the presenter said "I have only one thing to add: Globalisation is dead in the water".
I went home and have mulled over this statement at length. His comment was a reaction to the cost (environmental) of transporting things all over the world. eg the Brits like Belgian chocolates. The Belgian prefer British toffees. But, as you say, globalisation of finances, and hey, wars too ... may be one way of looking at all 'our' problems, mightn't it?
I like the global communication, 'tho'. :-)