In a movie i recently saw, the main character was asked an interesting question, due to the different alternatives to respond it and how to interpret those answers. Bear in mind the nature of the background, WW II; the question was about choosing a word between: faith, hope and love; and the answer picked by the actress in this case, was “hope”.
The word “hope”, must be at the height of the preferences of readers, taking in consideration the current circumstances of economic slowdown in most parts of world; and financial instability, as a result of the european debt crisis. But, What part of the definition of “hope” will set us free?
Part of the “financial armagedon”, as many analysts have described the chaos we all live in, are the result of lack of business ethics and beyond that, the inability of the political class to forsee the creation of a framework to regulate it and therefore enforce it, so who is to be blamed for this global mess?
Greed, is to be blamed and the alluring gifts that comes with it, specially the fame of becoming rich without any regreat of wrongdoing to society at the expense of thousands of people. In this unfortunate shift of values, the reward of being wrongly admirated by the masses comes along with the validation from the state.
In recent publications around the world, the case of Iceland, have brought the attention of many, for breaking the believe in a so called doctrine saying: “ in the aftermath of a financial crisis, banks have to be bailed out while the citizens have to the pay the consequences of the mismanagement”. Oddly sponsored by the IMF and the European Central Bank.
We are in the verge of turning this lesson into a practical piece of public policy, by not letting the dictatorship of the capital nor the dictatorship of socialist demagogues in dampening an opportunity to show the benefits of innovation and entrepreneurship in society, under fair rules without special interests pressing on.
Let's stand firm in defense of a better world.