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And conversely, if he had come from the Goldman Sachs sovereign bonds unit we'd be complaining about the revolving door.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Fri Dec 3rd, 2010 at 06:00:04 AM EST
[ Parent ]
I think there is a basic problem in that political leaders now need a range of skills to run their countries some of which require an intimate knowledge of the multinational and financial sectors they are supposed to be regulating and controlling.  I'm not one who has a reflexive problem with ex-senior business execs becoming political leaders - the issue is why and with what purpose.  If their purpose is to build a career leading to big money future appointments in the private sector then you have a serious problem.  On the other hand some of the best gamekeepers used to be poachers...

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Dec 3rd, 2010 at 06:12:20 AM EST
[ Parent ]
maybe this will seem nuts to some, but i think a lot of the problem pols have with being responsible, long term, altruistic, visionary statesmen types, is that, similar to an intense business careerism trajectory, people don't spend enough time with children, their own, if extant, or others'.

anyone born to parents who are type-a careerists can attest to how abandoning it feels, the meagre contact, the endless tension of the high-stakes lifestyle brought into the arena of the home, with frequently disastrous results, from the childrens' psychological point of view.

the type of person attracted to, and with the singleminded ambitious drive and stamina to endure the commitments of time and energy needed to ascend the greasy pole of success, has had to renounce many things along the way there.

the ego-softening, longterm responsibilisation that occurs naturally in the heart when childrens' demands make a parent slow down and lighten up, entering into play to communicate, are often largely absent in these streamlined, lean mean success machines.

this helps explain to me why leaders are so callous towards the future, and so lacking in human compassion.

as they say, once you can fake honesty, the rest is easy...

and we keep expecting these sociopaths to make conscious decisions that are for the greatest good of all, while the results speak for themselves!

duh

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Fri Dec 3rd, 2010 at 09:11:44 AM EST
[ Parent ]
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Dec 3rd, 2010 at 09:31:58 AM EST
[ Parent ]
And if he'd come from an academic background, we'd be complaining about him having no experience of holding down an honest job...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Dec 3rd, 2010 at 06:13:09 AM EST
[ Parent ]
Well, if he didn't even have an academic background but was a party-political animal from his days in student politics [as in increasingly the case with the new generation of young ministers, for instance Spain's health minister], then we'd have real cause to worry.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Fri Dec 3rd, 2010 at 06:18:24 AM EST
[ Parent ]
He simply inherited the family business...a common enough feature of Irish politics

Brian Cowen - Wikipedia, the free encyclopedia

Cowen was elected to Dáil Éireann in the Laois-Offaly by-election of 1984, caused by the death of his father.[21] At the time Cowen, at the age of 24, became the youngest member of the 24th Dáil. He was also elected to Offaly County Council in the same year, taking over the seat vacated by his late father


Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Dec 3rd, 2010 at 06:30:57 AM EST
[ Parent ]
Saw one report late last night that his popularity rating is now lower than the interest rate that Ireland has signed up to.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Dec 4th, 2010 at 08:30:52 AM EST
[ Parent ]
No, the problem would be that he HAD held down an honest job and did not understand the wheeler dealing required to succeed in the "real world" of business...

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Dec 3rd, 2010 at 06:19:58 AM EST
[ Parent ]
Or that they are incompetent message-managers and the media eat them alive.

If they are competent, we complain of spin.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

by Migeru (migeru at eurotrib dot com) on Fri Dec 3rd, 2010 at 06:25:42 AM EST
[ Parent ]

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