Comments on: The Era of Global Financial Instability http://www.dissidentvoice.org/2007/09/the-era-of-global-financial-instability/ a radical newsletter in the struggle for peace and social justice Mon, 07 Jul 2008 00:38:49 +0000 http://wordpress.org/?v=2.5.1 By: Michael Kenny http://www.dissidentvoice.org/2007/09/the-era-of-global-financial-instability/#comment-6405 Michael Kenny Tue, 25 Sep 2007 16:44:57 +0000 http://www.dissidentvoice.org/2007/09/the-era-of-global-financial-instability/#comment-6405 The only caveat I would enter is that I don't think this was some dastardly conspiracy which was planned in advance. I think it is just a good, old-fashioned screw-up! The sheer incompetence of a large part of today's generation of managers defies belief and this has all the hallmarks of their handiwork: a "smart ass" scheme that blew up in their faces. Mistaking mere cleverness for intelligence, they come up with these schemes which almost always involve manipulating other people, who are deemed to be too stupid to realise what is going on. Needless to say, things always go wrong sooner or later and the "schemers" left are desperately hanging on to the wreckage. Thus, the original intention may well have been to pull off some stunt in favour of the fat cats, but I doubt if the present mess was intended. The only caveat I would enter is that I don’t think this was some dastardly conspiracy which was planned in advance. I think it is just a good, old-fashioned screw-up! The sheer incompetence of a large part of today’s generation of managers defies belief and this has all the hallmarks of their handiwork: a “smart ass” scheme that blew up in their faces. Mistaking mere cleverness for intelligence, they come up with these schemes which almost always involve manipulating other people, who are deemed to be too stupid to realise what is going on. Needless to say, things always go wrong sooner or later and the “schemers” left are desperately hanging on to the wreckage. Thus, the original intention may well have been to pull off some stunt in favour of the fat cats, but I doubt if the present mess was intended.

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