Brian Whetton, Founder of Core Coaching
WARNING: I am completely UNqualified to write this blog post!! Take it for what its worth!! =)
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Brian Whetton of www.corecoaching.org recently sent out a coaching “e-nugget” that really got me thinking. Here are some powerful thoughts from Brian:
The greatest strength of capitalism is its unparalleled capacity for economic expansion. At the same time, every great strength comes with an equal challenge. And the current crisis is exposing capitalism’s root challenge… The greatest challenge of capitalism is its addiction to economic expansion.
Above all else, this crisis was created by an almost ubiquitous level of denial. It was created by the most expensive words in finance, “this time it’s different.” This addiction isn’t just a problem with the people on Wall Street. Or the people who took out a mortgage they couldn’t afford. Or the people who got up to their eyeballs in credit card debt. It’s the core challenge of the system itself.
Our entire financial system is based on the root assumption that the economy will continue expanding – that there will be more money tomorrow than there is today. How are we funding our retirements? Through the assumption that money we invest in the stock market will grow, because there will be more money tomorrow than today. How do banks make money? By selling interest bearing loans. And what allows us to take out a loan? Our assumption that we’ll have more money tomorrow than we do today. Why is our government able to create trillions of dollars in new debt? Because of the assumption that there will be more money tomorrow than there is today.
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With all of these denial-based assumptions… I have to revert to my aunt’s favorite quote, “To ASS-U-ME makes and ASS out of U and ME.” 🙂 Seriously, all of these assumptions are not based upon any action or value on the part of Americans. We just ASSUME there will be more money. Much like the employee that simply expects a RAISE for doing the SAME job, adding the SAME value for one additional year. No, No, No!!
Steve Chandler promises that our INCOME will go up in direct proportion to the VALUE we add to the world. What is required to take CAPITALISM to the next level is a MERGER with CREATIONISM. No more assumptions… We can’t assume the government will bail us out…. We can’t assume that the resources of our great nation are infinite. We can’t assume that the big wigs in Washington can pull us out of this one.. while we sit back on our ASSUMPTIONS.
We must CREATE… Create more value. Create innovative solutions. Create a culture of “self – reliance” rather than a culture of “GROSS DEPENDENCY”. BTW, if you haven’t joined the waiting list for Steve Chandler’s CLUB FEARLESS… do so right now…. Go HERE to get put on the waiting list: http://www.stevechandler.com/ClubFearless.html.
Anyway, I believe capitalism can raise our country to NEW HEIGHTS when we STOP buying the assumption of EXPANSION and start CREATING it. You in???
