ABSTRACT

Global economic quakes shook the world in the summer of 2007. Rumblings about troubled assets, zombie banks, and “naked shorts” (yes, that is a real thing) all hinted at deeper fault lines in something bigger, something with more layers than the earth and more questions than answers. As news reports about rising unemployment and government bailouts hinted at a catastrophe on the level of the Great Depression, it became apparent to many that the structure on which our modern economy operates had suddenly revealed its fragility. Yet, despite the doomsday predictions and the real life struggles many people experienced, many of us still lined up around the block for the latest iPad or biked to the co-op for some organic (and more expensive) apples. Perhaps it goes back to that old saying: the more things change, the more they stay the same.