The Root of the Economic Crisis is Moral Crisis

The foreclosure crisis is not actually a crisis, but a consequence of greed, policies, and immoral choices. The increasing rate of foreclosures and decreasing value of homes is inevitable. Bailing out banks or borrowers to help them reform loans and mortgage rates will only provide temporary relief. The crisis exists on a larger scale. Greed has overcome society increasing personal and public debt. The government is only making matters worse by bailing out lenders and borrowers whom are guided by their desires for superficial wealth. Policies passed by men and women with the selfish motive of authority, power, and preservation; men and women who have lost sight of their family, neighbor, and the well-being of society. J. Krishnamurti writes, “Society is the relationship between people- the relationship between one person and another, between one family and another, between one group and another, and between the individual and the group. Human relationship is society” (1963). We no longer look out for our neighbor, we fear opening our door to strangers, and run from situations that do not satisfy our selfish desires. The foreclosure crisis is therefore a matter of thought. Our thoughts have clouded our needs with wants, our faith with fears, and our empathy with envy. To solve the foreclosure crisis we must regress to the simplest way of life, encouraging relationships that build a community, and discourage the desire to cling to materials, such as homes we cannot afford.

We have all become Lumpenproletariat, according to Karl Marx, this defines us as “criminals, vagabonds, beggars; who have no stake in the economy and therefore sell their labor to the highest bidder” (Wikipedia, 2009). The institutions, gove...

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...wth. Look at the entrepreneurs creating jobs. Look at the officials upholding the law without corruption. Look at the homeowner working diligently to pay his bills. Look at the contributing taxpayers. Look at the volunteers. Look at the employers treating their workers fairly. Look at the people living in peace. Reward this! Reward good deeds! Laws must be upheld and wrongful deeds given zero-tolerance. Personal consequence is how we develop coping skills, patients, and understanding. Reward only those who contribute to the well being of our society, our family, and human relationships. This will give individuals a sense of ownership within their communities, responsibility of the outcomes, and the freedom to create, grow, and prosper. When each of us has the freedom to accomplish our ambitions in good faith without tyranny, society will prosper.