My article on the ego being the reason behind the global economic crisis was featured today (in Hebrew) on the Ynetnews site. Here’s its translation into English:
A Kabbalistic Interpretation of the Economic Crisis
The ego driving us to increase profits at each other’s expense is in complete contradiction to the balance between nature’s elements, which is vital to nature’s harmonious existence.
The events surrounding the American and global economy prove that this time it’s serious – the global economy is in a deep crisis. What is causing this crazy turbulence and how can the erosion be curbed? Kabbalah provides an explanation along with suggestions for solving the crisis.
Just as with any social system, interdependency is the name of the game. Crises where one element “infects” others and brings the market to the verge of collapse, are part of the signs of economic globalization. This is why we are seeing credit and real estate bubbles in the U.S. bursting and bringing about an infectious collapse of the stock exchange, in banks, companies and hedge funds all over the world.
Having said that, trying to solve economic crises using known models is destined to fail. It turns out that the economic system cannot be controlled or accurately predicted, and that one move in one place of the world causes serious repercussions in other places.
The wisdom of Kabbalah claims that if we understand the laws working on nature and abide by them, we can fortify our understanding of what the future holds, and possibly prevent the next crash. [Read more →]