Facebook against Itself

So Mark Zuckenberg is Time’s 2010 Person of the Year and Goldman Sachs in valuing Facebook at $50bn. While we believe the former is well-deserved, we are not so sure about the latter. This is because although we praise Zuckenberg for creating Facebook, we are uncertain about the company’s future.

The “I Passed, She Flunked Me” Syndrome and the Current Crisis

It is striking how well-equipped humans are to find self-defense mechanisms to any perceived aggression. And the current economic crisis is no different.

There are multiple causes that created the current state of things: regulators, poor management – especially in financial institutions, miscalculation of individual wealth, poor financial criteria, greed and so on.

Despite the apparently large set of reasons that caused the crisis, in some countries, citizens are now devoting a great deal of time to blame governments for their responsibility on, first, creating the current situation and second, their inability to put the economy back on track.

Apart from the questionable positive effect of this effort on promoting recovery, which would not be the objective of this column, the criticism seems to be highly ironic.