Friday, October 10, 2008

The Sky is Falling

Nothing like a classic tale from pre-school to shed light and insight onto a global economic crisis.

The more Chicken Little runs around, wings flapping, shouting "The sky is falling! The sky is falling!" the faster panic and distress spreads throughout the animal community. She whips the animals into a mass hysteria, which leaves them vulnerable.

In this story, as in life, panic spreads like wildfire. The more the panic spreads, the more we damage our own cause. 24-hour news media flashing hourly updates of "tanking markets" fans the flames with the same urgency as Chicken Little's flapping feathers.

The moral? Have courage. Temper emotional responses. Otherwise, we'll act as harbingers of our own downfall. "Keep calm and carry on," or we could just end up pulling the sky down on top of ourselves.

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