Abstract
Using causal layered analysis, the underlying stories of the global financial crisis are explored. The seven narratives presented are the GFC as: (1) a mortgage crisis, (2) a global banking crisis, (3) creative destruction, as part of natural cycles, (4) a geopolitical shift, (5) God's plan, (6) symptom of the inequity of capitalism, and (7) a window of opportunity to a different, greener world. The essay concludes with five scenarios of the futures of the world system. These are: (1) business as usual, (2) the rise of 'Chindia', (3) the quick and long road to sustainability, (4) the end game of capitalism, and (5) a new era.
| Original language | English |
|---|---|
| Pages (from-to) | 109-128 |
| Number of pages | 20 |
| Journal | Journal of Futures Studies |
| Volume | 14 |
| Issue number | 3 |
| Publication status | Published - 2010 |
| Externally published | Yes |
Keywords
- Alternative futures
- Causal layered analysis
- Futures studies
- Global financial crisis
- Green technologies