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There is a great deal to be said for it. It creates a need for more concensus politics while at the same time trimming the partisan imposition of dogmatic change.

Finland has many political parties also, and the country has been managed by coalitions for many decades - without major problems.

But an interesting back story has just emerged from 1993 (during a centre/right coalition). Finland was apparently very close to financial meltdown in the global conditions of the time. Only by increasing debt to some 6 billion € was disaster averted. Everyone in business was very aware of the conditions - we were all struggling. A friend of mine became bankrupt. Many businesses I was working with cut their communications budgets severely. It was a tough time.

No-one knew how tough until a book just published reveals the touch and go nature of the government's remedies. The principal remedy was to avoid panic. One overleveraged bank - SKOP - disappeared. Another overleveraged bank -KOP - was forced into a merger with SYP, to eventually merge with Swedish banks to become the Nordea of today.

IMO the fact that there was a coalition in place enabled the concensus that was necessary for tough solutions and thus survival.

13 years later, Finland has a lively, diverse and healthy banking system that maybe is the world's most advanced in terms of online transactions. Finand's international debt rating is triple A. The economy is highly competitive in a collaborative sort of way. We are still spending more than anyone else on R&D, and even my local supermarket sells Maldon sea salt ;-)

But it was close - very close, way back in '93

You can't be me, I'm taken

by Sven Triloqvist on Fri Oct 13th, 2006 at 08:02:49 AM EST
The principal remedy was to avoid panic.

Economic policy is all about managing expectations.

Those whom the Gods wish to destroy They first make mad. -- Euripides

by Migeru (migeru at eurotrib dot com) on Fri Oct 13th, 2006 at 08:11:45 AM EST
[ Parent ]
Just as advertising is about changing perceptions.

Just as art is about changing perceptions.

Is it easier to change minds rather than change reality? Or is it easier to change reality by changing minds?

You can't be me, I'm taken

by Sven Triloqvist on Fri Oct 13th, 2006 at 08:34:59 AM EST
[ Parent ]
The problem is how does one incorporate harsh reality into an economic system which depends on perceptions.

Those whom the Gods wish to destroy They first make mad. -- Euripides
by Migeru (migeru at eurotrib dot com) on Fri Oct 13th, 2006 at 08:40:25 AM EST
[ Parent ]
Advertising is nearing the end of its useful life, if it ever had one. Controlling processes by perceptions is no longer useful.

So hand much control over to the process. The perception will BE the reality then.

You can't be me, I'm taken

by Sven Triloqvist on Fri Oct 13th, 2006 at 01:50:25 PM EST
[ Parent ]

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