CHELSEA — It’s cold and rainy in London again. It feels like a typical day. Which is perhaps what is leading to the contemplative mood of the papers this morning.
Lucy Kellaway has written a column this morning about the recent children’s report and how it has changed the way she looks at her life. It’s uncomfortable reading.
Elsewhere the Goldmans Chief, Lloyd Blankfein, has written a thought piece saying that banking needs to become more boring: more regulation, and less “outsourcing of risk”.
And I think there is a nice parallel there.
When times are good, we can get so busy succeeding that we outsource things that we should be doing ourselves. Ms Kellaway talks essentially about “outsourcing” the raising of her children to the school… and arguably… back to the children themselves.
What it makes you wonder is if we don’t need a regulated recession every few years (certainly more often than every 15 years) to get people to raise their heads and get back to doing the things that need to be done.