Wednesday, 1 April 2009

The most ostentatious display of power and debt

Call me a grumpy old man - or it may be that it is April Fools Day - but what can one make of the fact that the American President - especially and 19 other leaders believe they have the right to the most ludicrous display of power.

3 CEOs of GM, Ford and Chrysler were asked to give up their private planes if they wanted a bail out from the US President! Well how come then that the US President travels in Air Force One, has a fleet of helicopters, cavalcades etc., etc., etc., in order to appeal to the rest of the world to help "rescue" the USA!

And are we really to believe that the advisors, senior leaders and others who got is so badly wrong in the past decade are the very ones who now have the "right" answers? Where is the intellectual debate regarding the problems and solutions? It is just so full of opinions and if we are to be dominated by the "chcago" school of economics I am nervous about how best to advice up and coming entrepreneurs about how to plan for the future?

With leaders more concerned with the display of their power and debt - jousting for positions and sound bites - it seems to me that the "man in the street" will have to learn how to be even more adaptable in the future. It is 200 years ago that Darwin was born and it seems to me that at least in economics - it is going to be the entrepreneurial (adaptable) that will survive.

Sure hard working leaders need security - so why do they not just turn up quietly, do the work and get back to their offices! I am really being a grump - but the idea that as tax payers we should see a kind of Roman Emperor entering the City just strikes me as a distraction from getting the work done!

There I have got it out of the system and hope that the leaders come up with something positive!

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