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General Electric, AIG and the Cleansing Effects of Crisis: Part I by Justice Litle
<em>Could there be any possible upside to global recession and market declines to rival the Great Depression? Believe it or not, the answer is yes… General Electric gives answer as to why. </em>
Though it seems hard to believe at times, there are positive aspects to a crisis. Just as nature renews itself through a cycle of death and rebirth, markets have to renew themselves too.
A classic example of renewal in nature is the routine forest fire. Over time, brush and debris build up on the forest floor. Meanwhile, old growth trees dominate the landscape. When fire comes, the brush and debris burn up like a fuel