The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
compound interest has a relentless quality to it over time, making it a potent force. what we see now is what happens when that force is misused by shallow, greedy individuals.
obviously the temptation to break trust while in such a tempting situation is not for those too weak to resist it.
there should be an algorithm that governs compound interest so it's not such a juggernaut, thus removing, or at least tempering such a lottery-winner mentality that has developed around the financial (self)-service industry.
as there is no moral litmus test which will let us know whom to trust to watch our goodies while we sleep, there seems like there are two ways to go, one make it a capital crime to betray the public trust, with the show trials and even death penalty, or exile to the equivalent of siberia.
second, rotate the responsibility, so no-one gets too fond of the power for too long.
the first would have to be real, it would have to have as terrifyingly deterrent an effect, as has the glittering fantasy of hyper-acquisition to make some people succumb, human nature being what it is, there will always be people who will try and game it, just to see if they can.
transparency, transparency, transparency, keep the sun on it. 'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by Frank Schnittger - May 31
by Oui - May 30 25 comments
by Frank Schnittger - May 23 3 comments
by Frank Schnittger - May 27 3 comments
by Frank Schnittger - May 5 22 comments
by Oui - May 13 66 comments
by Oui - Jun 211 comments
by Oui - Jun 17 comments
by Oui - May 3131 comments
by Oui - May 3025 comments
by Frank Schnittger - May 273 comments
by Oui - May 2733 comments
by Oui - May 24
by Frank Schnittger - May 233 comments
by Oui - May 1366 comments
by Oui - May 913 comments
by Frank Schnittger - May 522 comments
by Oui - May 450 comments
by Oui - May 312 comments
by Oui - Apr 30273 comments
by Oui - Apr 2652 comments
by Oui - Apr 891 comments
by Oui - Mar 19144 comments