Coop

As governments of the industrialized world struggle with the global credit crisis, they may be relearning an old lesson: there is more strength in standing together than in struggling alone

The international nature of capital flows and stock markets has forced unprecedented cooperation between nations on interest rate cuts, support for banks and other measures meant to restore investor confidence. Philosophical and political differences that seemed insurmountable only weeks ago have melted away as leaders search for a workable way to prevent their economies from melting down.

It's true that financial systems are among the most integrated parts of the modern world. Not every nation is happy about serving in this alliance to save capitalism.

But if nothing else, leaders are learning that they can pull together constructive initiatives in the face of danger. And if they can save banks, why not the environment? If they can stop the spread of shareholder panic, why can't they stop the spread of nuclear weapons?

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1 Comments on Cooperation Among Nations is the Key

OCT
16
2008
Localism Sponsor

Cooperation Among Nations is the Key
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James G. Pycha (R), REMAX Kauai Broker

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