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The one question you are not allowed to ask is "Why are we supposed to be listening to these alleged business leaders in the first place".  You cannot question their self importance.  In any case - "a few bad eggs - e.g. Madoff" won't be invited, and those who are there will be preening themselves at having survived the crisis so far and regaling each other with stories of how brilliant they were to avoid its worst effects.

There will be lots of talk of "green shoots" of recovery, of Obama's energy policies as if he invented wind energy (much like Gore inventing the internets), of stimulus packages ushering in a new era (never mind that they are basically about turning private profligacy and debt into public debt).

Don't expect too much talk of income redistribution, of inequality = inefficiency, or even of much more effective global financial governance.  That is all for the anti-globalisation crowd, and globalisation can't be questioned.

So really, these conferences are more about the questions you can't ask rather than the ones you can:

Questions you can't ask

  1. Don't mention the (Iraq) war - it was invented by someone else long gone into history

  2. Should business leaders who got huge bonuses in the good times now be required to pay them back as they were demonstrably created by fraudulently inflated assets accounting

  3. Should business taxes be increased in a coordinated global way to pay off public deficits?

  4. Should carbon fuels be subjected to escalating taxes on a geometric scale to price them progressively out of the energy market?

  5. Should Globalisation only be permitted within a globalised political governance structure to prevent tax competition/avoidance/evasion, and a regulatory race to the bottom?

  6. Should international law mandate the progressive reduction of Gini indices worldwide to ensure a more sustainable and equitable allocation of scarce resources?


notes from no w here
by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Mon Jan 12th, 2009 at 10:17:00 AM EST
I'd add "Do you think charging Tobin's tax on transactions in CDS and CDOs would have prevented or eased the bubble which gave us current financial crisis?"
by Sargon on Mon Jan 12th, 2009 at 10:50:31 AM EST
[ Parent ]
That's a depressingly accurate way of thinking about it.

How about "how does globalisation work in a world facing an energy crunch and increasing transportation costs ?" It's not a question that advances our agenda, but it gives us a chance to see what they're thinking about.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jan 12th, 2009 at 10:53:47 AM EST
[ Parent ]
Globalisation.Works

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Jan 12th, 2009 at 11:32:23 AM EST
[ Parent ]


notes from no w here
by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Mon Jan 12th, 2009 at 12:31:35 PM EST
[ Parent ]
You can ask number two because it follows the bad apples narrative. When the public demands blood, sacrificing a few individuals is trivial and preferred in comparison to publicly beneficial institutional changes.

you are the media you consume.

by MillMan (millguy at gmail) on Mon Jan 12th, 2009 at 10:54:50 AM EST
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