mulling over this thing a lot 'of time but today I find the desire to clarify it: I'm talking about the heated debate around the causes of the crisis (which by the way some have already been renamed the "Great Recession", in spite of transience ...), some of which they speak for many attributed to deregulation and free market excess .
I deliberately put in bold those last words, because before jumping in to blame and look for scapegoats, it is necessary to think carefully about one thing: is really "free" the financial market we've seen so far?
Beware! "Free" does not mean a situation where everyone does what he wants : that is called anarchy, otherwise known as the Kingdom of irresponsibility.
a market is truly "free" when , you are given the opportunity to the economic and productive forces to practice all their thrust, releasing as much as possible from the same distortions and regulatory constraints that are merely a nuisance, but also - and most importantly - when it applies e può applicarsi la legge del "chi sbaglia paga" .
Il "chi sbaglia paga" significa che, se un'impresa commette degli errori, fa investimenti sbagliati, truffa i propri clienti/dipendenti/azionisti, deve essere consentito alle forze "sane" di stringere attorno a lei un "cordone sanitario" e di lasciarla affondare, liberando spazio economico per gli attori più credibili ed onesti.
Il "chi sbaglia paga" è lo strumento automatico di sanzione che gli operatori economici infliggono a chi li raggira od a chi non dimostra di essere capace di adempiere ai propri obblighi, sanzione che si esplica con l'uscita dal mercato del "colpevole".
Il "chi sbaglia paga" is the only real way to fully empower the directors of companies and banks to do their job well, because they would be aware that if things go wrong, nobody would be there to save their place or to cover losses created by themselves.
Today the famous "neoliberalism" is nothing but an extension of the old world Italian motto for FIAT privatize gains, socialize the losses . In the slang
prevailing in Anglo-Saxon world economic and financial, this maxim in Turin is transliterated too big to fail : too big to fail. With this rule
insane and typically political - in the sense that they have coined and apply politicians, fearful of losing the popular consensus, however, lost in the medium term for the inability to really solve the crisis - has fueled a widespread irresponsibility at the top of the great companies and major financial conglomerates, which now make sure you always have a call on public "for the good of the citizens" have only thought to expand its economic influence and above politics.
I often accuse today's capitalism (of the big names, well mind you!) To be too oriented to the short / short and the medium to long term.
True, but the main reason is because I wrote above: ensure that the rule of too big to fail is applied, the equivalent of removing from the priorities of business managers to maintain continuous and steady conditions solvency and preservation of the continuum company. So someone else will solve the problems that will arise later.
And of course, removing the managers concern first of all to maintain the conditions of continuation of business , these do nothing but work hard to maximize short term profit and the company, in view of a cash-cow : a cash cow. The optics, of the business, or ability to take risks in the first person to obtain a gain, it becomes predatory, that is able to carry as much "stuff" as possible before someone discovers the deception.
why those who accuse the "free market" for failing to make mistakes, even if unconsciously: think that what there was (and is) it is clear, in fact, is pure and simple handouts responsibility away.
Lord Tojo
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