As yet another news headline reveals the corruption and greed of top executives at yet another bank, Barclays Bank of Britain, it is further evidence that the world is in the middle of a major correction.
But while the economic correction is getting all of the attention, there is a much broader correction taking place that encompasses all reaches of society throughout the world. It is a moral, spiritual, political and, yes, economic correction that, while uncomfortable at the time, will serve to make the world in which we live stronger.
Corrections are a fundamental tool used by nature to shake out the weak links, leaving a stronger, more sustainable whole. As in the animal world, when the weak and sick are weeded out of the herd by predators thus making the herd stronger, corrections identify weaknesses in our society and put us back on track.
The economic correction that was sparked by our heavily leveraged pursuit of a fantasy lifestyle dream was unrealistic and unsustainable. The fantasy was spoiling our moral fibre and making us weak.
Though this moral correction is painful, we will emerge from it a stronger society as a whole.
We are also experiencing a political correction as we see governments around the world toppled because their corrupt or incompetent leaders have broken the hurting public free from their complacency to demand corrective action in the form of change.
In the U.S., we are seeing the governing parties neglecting the best interests of their citizens because of their self-indulgent inward focus on their own partisan politics. By failing to look outward they are unable to see that what the people who voted them into power want from their leaders is honest, decisive solutions not shallow smiles and bitter rhetoric.
We are experiencing a similar scenario right here in our own province and, as with all other unsustainable dysfunction, it will undergo a correction.
Yes, corrections are painful, but one thing I know to be true is that when things that are wrong are corrected, the pain will stop until the next time.
Marc Burchell, Surrey