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Henry Blodget on the Financial Collapse October 20, 2009

Posted by Sean Simplicio in Systems Thinking.
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Hey all,

Related to the start of our Systems Thinking section of the course, here’s an interesting take on the origins of the financial collapse, in which the author cites a systemic problem in the financial industry in which the whole is certainly not the sum of its parts.

http://www.theatlantic.com/doc/200812blodget-wall-street

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1. kavivak - October 21, 2009

Friedman indicates that a root cause of the recession is the breakdown in the public education system. In reference to today’s class, the letter focuses on the ‘wicked problem’ rather than on creating a solution. It addresses the issue but doesn’t provide recommendations on what levers to pull to change the outcome of the current system. I think the message would have been more powerful if it were creation oriented with a call to action.

http://www.nytimes.com/2009/10/21/opinion/21friedman.html?_r=1


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