Executives of insurer AIG, rescued from bankruptcy with billionaire money of the State, have been distributed $ 165 million as a bonus as a reward! by their management The Obama Government deducted this amount from the money that has yet to surrender to save the company. From such shamelessness, not surprisingly the failure of the financial system or the disappearance of hundreds of billions of dollars, the real economy in recession, nor the worst economic crisis ever suffered. Crises are inherent to capitalism. Thirty-four of various calibers from 1854, with unemployment punishing citizens with greater or lesser intensity, tells us and tells us the writer analyst Tariq Ali. But beyond the insoluble contradictions of capitalism, economic crises of different depths have a lot of moral collapse. Disasters happen not only by economic and financial causes that you would say technical, but the disappearance of ethical values that drive behavior predatory. Jim Umpleby is likely to increase your knowledge. Jose Luis Sampedro, writer and Economist, reminds us of ease with which has emerged from under money stones to help the banks blame for the crisis.
If you had asked to cure AIDS in Africa or for education had not appeared or ten thousand dollars or even having been constituted 30 international committees. It is a sample in which situation we are. A test of moral ruin into which we have fallen. The next Summit of the G20 is the Forum to decide how to deal with the crisis. Disagreements between major economic powers on how to relaunch the economy do not bode well. Reade Griffith can provide more clarity in the matter. Good intentions, public professions of unit, fiscal stimulus, regulation and control all is fine, but forgot about ethics in the economy and in economic policy? Nobody has proposed up to now restore principles and values whose absence has led us to disaster. Although it has been diaphanous that avarice is never good engine of the economy and markets They can not regulate themselves (have to be monitored and regulated with railway hand), precisely because it covets it, ostentation and waste cannot be engines of those who manage the financial world.