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Is Facebook to Blame for the Financial Crisis?
Many factors have been blamed for the current economic downturn impacting people worldwide, from big oil and its high prices to banks and their sub-prime mortgages. But social networks like Facebook and Twitter? That's a new one to us, but some people think it's our instant connectivity to others that has resulted in this financial paranoia; that bad news travels too fast when everyone's connected to everyone.The idea is as follows: With tools like Twitter and Facebook, it's all too easy to share how you're feeling. If you're scared about your job or your mortgage, you can easily let everyone else know. When others start seeing enough people getting scared, they find it hard not to not start feeling the same way and, thus, the cycle continues. And, given the health of the stock market is largely based on the confidence of its investors, there could be some truth to this. So, it seems, if you really want the economy to recover, then stop talking to your friends about it! [From: Valleywag]
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Comments
2
Subscribe to commentsEd LynchDec 13th 2008 12:33PM
Then don't talk about it? That's crap. What kind of Socialistic, Dictatorial person thinks that in Not Talking about our everyday woes is good for us (or the economy, or whatever) or that it's healthy?
Big Brother... your wrong on this one.
We all have an inner voice, of right, wrong, or what could hurt us. Don't insult the intelligence of every living being on the planet by supposing that they don't have this voice.
People in general use their collective voice to better society... the group, whatever size it is, may not always be right, I understand that... but let us not lose our collective conscience. Do you recall the history of the days of Hitler? Look what happend then... Imagine, if back in those days there were a Facebook... do you really think the Holocaust would have happend? NO, I didn't think so.
akshayJan 14th 2009 1:35AM
At the time of financial crises we need to come together united and try to solve the problems which are responsible for such a hazard. We need to overcome it. It is meant to bring calm to the population and markets and display government strength and stability. As a large number of people spend their money in movies, making films, sports, nowadays even on internet many sites offerinternet keno casino for the people interested in gambling but there people lose a large sum of money there in such stuffs which should be minimized as the world is going through a phase where a little wastage of money could be matter of remorse.