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The Financial Crisis and Scapegoating
The Financial Crisis and Scapegoating

The Financial Crisis and Scapegoating (4)

With banks failing and government officials searching for a way to calm investors and prevent a freezing of capital markets, many are wondering how we got into this mess in the first place. While the situation is a complex one, the financial crisis is understandable. One of the goals of this article is to follow the trail of events back to the root cause and explain it all in layman’s terms. But the search for the root cause is complicated by another factor, something that accompanies all crises, and that is the need to assign blame and mete out punishment. If that need dominates over a reasoned analysis, we get scapegoating instead of understanding.
Thursday, 23 October 2008 14:27

Financial Crisis 3: The Golden Parachute

Written by Adam Ericksen

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Should we blame the CEOs for the financial crisis?  Does the "golden parachute" lead to corruption?  Let us know your thoughts.

Thursday, 23 October 2008 14:29

Financial Crisis 2: Let's Blame the Shortsellers

Written by Adam Ericksen

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Keith Ross, founder of the Raven Foundation, analyzes the role of short sellers in the financial crisis.

Who do you think is to blame?

Thursday, 23 October 2008 14:31

Financial Crisis: Scapegoating's Perfect Storm

Written by Adam Ericksen

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Searching for the truth amid accusations of blame.  Are we headed for a category 5 scapegoating event?  A conversation with Raven Foundation founders Keith and Suzanne Ross.

Who do you think is to blame for the crisis?