Glenn Rogers
“Unless prudence prevails and we agree to resolve our difficulties through integration and peace, growing unemployment may lead to social unrest and consequently, miseries not unlike those that arose out of the Great Depression of the 1930s,” said Glenn Rogers, CEO of the Hong Kong-based Mediazone Group.
“It is vital and urgent that governments should recall the evils that arose from the social instability brought about by the Great Depression of 1930 and collectively work toward a globalization that is economically and politically sustainable,”
“We must look at doing so by promoting institutions that unify, ideas that bring nations closer and solutions that target. We need a strong political will to promote stability and collectively thwart any attempt to create unrest or use the current social uneasiness to destroy peace. It is a time, like no other, for true leadership to step forth.”
“Recovery will be something that we as a people will collectively have to bring about. The best way to do so will be through understanding that the world is a global village. Protectionism should not be encouraged because it will create even more instability and social unrest. While we are still far from the days that created the soup kitchens of Europe as a result of the Great Depression, we must not recklessly adopt policies that will be counterproductive. We must not erect barriers and put up ramparts. If we do, others will too. This will be the beginning of the end.”
Noting that the economic recovery isn’t the only issue the world has to deal with, he said that while terrorism and expansion issues with the European Union remain major concerns, the importance of the correct handling of the economic crises has to be underscored.
“Though we are arguably better positioned than we were in the 1930s, it is complacent to assume history won’t repeat itself. We simply cannot afford to be slack after all in spite of our global peace keeping institutions and our new thinking, the world has been powerless to prevent armed aggression against smaller nations and our so called sound understanding of economics has led us to this deplorable state. As a society, we haven’t exactly come out ‘on top of the class’. If this is where our collective progress has led us, the future of our children is in question unless we wake up and…listen!”
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