The financial instability of the world is at the forefront again with the impending bankruptcy of Greece.

If Greece is apparently not rescued then other states will be affected in a way that goes beyond Europe. So far it seems that Portugal, Spain and Ireland are facing similar problems. This is not just an economic virus that is catching but a pandemic in waiting.

How did this happen? Because global markets drove these countries to their present state. So Europe and the IMF have rushed to set up a US$1 trillion 'rescue' package to support states facing bankruptcy due to the shenanigans of the monster we have created called The Market.

All countries who take money from these impending rescue funds will have to repay them back with interest. Where does this money come from? It is simply printed out of thin air with no backing of precious metals as it is a fiat currency. It is also passed on to the state to bear, it is passed on to tax payers who are not only trying to make ends meet but are increasingly being taxed from cradle to grave.

All future generations are already taxed beyond their wildest dreams before they are even born. Is this progress in the new millennium? Does the mainstream media show the slightest iota of integrity in making this clear to people? Of course not. They pretend it does not exist until the tsunami finally reaches you and then you will be picking up the pieces and not be able to find out who exactly was behind what that resulted in it.

But these so-called rescue loans will not solve anything. For we know that all loans are supposed to be repaid and when that does not happen you have another crisis in hand, and so it goes till a global financial meltdown and new hard currencies (example backed with gold and precious metals) are introduced to bring back a semblance of financial stability.

How come the markets have such power to create mayhem for all of us? Why do large corporations and banks have this power in the first place? Why are they above the law and can hold governments and countries hostage? And look where we are now as a result of all this.

The answer goes beyond greed and has to do with the lack of courage and general stupidity of those who have allowed this situation to arise. Until governments start to act in a decisive manner on behalf of the people and NOT corporations and banks, there will be nothing but toil and trouble, big time.

But what we need to also do to counteract the mess we are in would include:

• Moving away from the old paradigm of relying on mega corporations being the engines of growth

• Passing laws that make corporations serve the public and national interests unequivocally

• Removing the charter in states that allow for corporations to be given the status of individuals that allow them to sue and be sued

• Full legal liability for all shareholders and executives in corporations for all that their entities do including the goods and services that come from them due to the impact this has on people, communities, countries, life in general and the entire planet

• International law to follow up on the above which all states should be party to

• Deregulate and re-create the banking industry to separate banks into those that deal with investment and those that store savings for people

• Remove the concept of interest rates in banking, loans and repayment via fees and studying how non-interest banks operate (for instance Sweden's JAK bank). For more details please see link 1 and link 2

People have to pressurize, by all reasonable means as far as possible (before it escalates into an expression that is more destabilizing but perhaps necessary), governments into acting in ways that bring corporations and banks under control. It is better to deal with the temporary inconveniences this brings than medium to long term upheaval that could result by trying to solve the problems of the world by using the current old paradigm.

Just look at the recent case of how the airline industry reacted when flights were delayed due to the volcanic explosion in Iceland. The main concern of the airline industry was pretense as to passengers' safety but more for apparently 'scientific' methods of testing which show that if test flights were safe by their pilots, then surely it is alright to risk peoples' lives.

If something had gone terribly wrong all the airline industry would do would be to apologize and claim that governments should have acted more decisively and so forth.

We also had top executives from the airline industry justifying why governments lacked leadership when closing down airports due to the possible danger from volcanic ash.They lacked leadership because they were too decisive in this case and did not consult airline moguls on what is in the best interest of people.

A classic example is Mr Giovanni Bisignani, director-general and CEO of the International Air Transport Association (IATA) who complained that airlines were losing US$200 million per day and 750,000 passengers were stranded all over when the crisis first erupted.

Mr Bisignani's candid statement reveals the not-so-great-secret that money is a principal concern for some airlines, rather than doing what is morally right.

Their only excuse would be that in the end while they do 'care' about passengers they still run a business and that there is the profit margin to consider, and the responsibility CEO's and their board of directors have to shareholders.

Exactly: throughout the years one need look at the infamous instance of the disingenuousness and state of denial in airlines in handling the issue of deep vein thrombosis (DVT) suffered by some economy class passengers to know that they value profit over people.

To say that business has to be a zero-sum game belies lack of imagination, morality and a sense of common human decency.

This is the 21^st century and we should be able to do better than that.