26 October 2008
The current world financial crisis has been blamed on greed, specifically consumer's greed - nothing is just enough for us - we have not restrained ourselves from giving into immediate gratification - we never knew the difference between wants and needs. And as a result, we have accumulated debts significantly than in any other period of man's history.
For us here in Brunei, it may not be very late. However, we must get rid of all the complacencies that have hounded us. Credit has been misused - every working person must admit this. Many of us are still in debt.
The days of easy credit as we all know are gone now - thanks to some regulatory measures set up by the government. We may have been spared of this crisis, the magnitude of which seems to be overwhelming the rest of the world.
We were always told to save for the rainy days - those days have arrived - and will not leave us for some time.
photo by flickr