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Henry Blodget on the Financial Collapse October 20, 2009

Posted by Sean Simplicio in Systems Thinking.

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.




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.


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