Remarkability
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Friday, 26 September 2008
Greed has never been good
I am not aware that anyone has named the major causes of the current financial crisis that has our world in turmoil. Greed and lack of accountability are the causes as I see it. We will get past this. Until we do something about the causes however, trouble will come again as surely as night follows day.
Further none of the people who have acted with gay abandon and just plain stupidity have been held to account. Lets us hope that French President Nicolas Sarkozy’s words are adhered to; “Let us build together a regulated capitalism in which whole swathes of financial activity are not left to the sole judgement of market operators” He called for a new system in “which those who jeopardise people’s savings are punished.” (The Strait Times 24/9/08)
Be remarkable
Ian
strategic advisor to difference makers
Further none of the people who have acted with gay abandon and just plain stupidity have been held to account. Lets us hope that French President Nicolas Sarkozy’s words are adhered to; “Let us build together a regulated capitalism in which whole swathes of financial activity are not left to the sole judgement of market operators” He called for a new system in “which those who jeopardise people’s savings are punished.” (The Strait Times 24/9/08)
Be remarkable
Ian
strategic advisor to difference makers
Labels: leadership
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1 Comments:
Ian,
I have nothing but disgust at the exit packages being awarded to senior executives who mismanaged their financial institutions so poorly.
Nevertheless, I have my doubts that additional government regulation will necessarily work in a way which will produce more effective and equitable outcomes.
If we are to move toward a more heavily regulated system, such regulations must be very carefully designed so as to ensure that they do not unnecessarily hamper innovation and entrepreneurial activity.
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