Beyond Crisis Management.

When there is a crisis there are many debates of what measures need to be done to correct the problems. There is usually is a battle between tacticians and strategists. The tacticians dash from skirmish to skirmish trying to control a crisis, deciding in each case whether taxpayers should bail out a distressed bank, firm or country. The strategists call for a more comprehensive approach to resolving the mess—often involving new government bodies to recapitalise banks or take over troubled assets. It seems as if there are two different philosophies and the tacticians seem like they are more so respnsible for the huge bailouts we have become familiar with. The article goes on with showing us what strategies need to be implemented to smoothen the financial crisis the corporations have dug us into. The article is called Beyond Crisis Managment and is very intuitive because it shows the financial side of the economy. http://www.economist.com/finance/economicsfocus/displaystory.cfm?story_id=12262103