Whatever the outcome of the Group of 20 meeting of world leaders in London, it would be helpful for them to pause for a moment to consider the aviation analogies for our crashing financial markets and stalling world economy. Out of this current crisis, black swans might yet gain silver wings for the future.
The very aviation system that is relied on globally for safe transportation can be the inspiration for a new form of global financial regulation. Similarities exist in at least four areas. All are built on strong international coordination and would have been extremely useful to our global financial system over the last 12 months.