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Migreu:
No, the problem is the bosses.

The problem is also those who select the bosses and the financial and business paradigms under which they labor. The problem is "capital", which is, at its basis, political in nature -- the ability to order and reorder the structure of society in the interests of the ruling elite. Those interests in The WestTM, (the former First World), seem now to be wealth extraction and not wealth creation. And the even larger problem is the evil spell of wealth serving economic theory that has been cast over most of the population of The WestTM so as, as Frank S. noted, to enchant them to become the instruments of their own oppression through the Democratic selection of their leaders.  

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed May 18th, 2011 at 12:14:54 PM EST
[ Parent ]
It is ironic to note that this ongoing process is strongly supporting the emergence of China as the dominant power in the 21 Century and certainly hastening the relative rise of the BRICs. This is almost entirely because we privilege our elites to put the profit to themselves and their international firms far above the interests of the societies and nations in which they operate.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed May 18th, 2011 at 12:18:18 PM EST
[ Parent ]
Can we take a moment to remind ourselves that the rise in power of states containing, what, half of humanity is a good thing?
by Colman (colman at eurotrib.com) on Wed May 18th, 2011 at 12:22:24 PM EST
[ Parent ]
It's a good thing in that the Chinese seem - so far - to be more pragmatic and less ideological about their economics.

(Ironically.)

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed May 18th, 2011 at 12:29:23 PM EST
[ Parent ]

  And the "so far" is all-important.

"In such an environment it is not surprising that the ills of technology should seem curable only through the application of more technology..." John W Aldridge
by proximity1 on Wed May 18th, 2011 at 02:36:12 PM EST
[ Parent ]
Coleman, I agree that the rise of ALL of the BRICs is a good thing, the most positive thing to come out of this debacle. But accelerating that process by looting and tanking the economies of the former First World is not a good thing -- especially for the residents of those societies, the vast majority of which did not benefit from the process.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed May 18th, 2011 at 05:25:43 PM EST
[ Parent ]

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