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"The real crisis isn't about bankers, bonuses, and bailouts— " ..is reported in the article "America's Lost Decade(s)" by Umair Haque hosted by the Harvard Business Review
..is that so?
"— it's about an economy that's geared to create thin value; value that's artificial, meaningless, and often, actually worth little, in human terms. " .. continues.
Bankers, bonuses, and bailouts, asking for, gagging someone would say, survive out of an economy that creates thin value.
An economy that creates value, which is artificial, meaningless, that worth little in human terms, is geared out of "bankers, bonuses, and bailouts".
..and economists that do not dare to go beyond what the "bankers, bonuses, and bailouts" want, careful not to bite the hand that feeds them, and it is not because the economists say so, it is because the people had enough and the economists merely interpret the will of people, and they interpret it from the viewpoint of the "bankers, bonuses, and bailouts".
As they would never bite the hands that feeds them, only giving away the little bit, only enough to calm things down, sustaining economies of thin value.
"So the real challenge isn't about eking out another penny of profit by laying off more another hundred people, offshoring with an even greater ferocity, crushing your fiercest rival more savagely, or churning out more lowest-common-denominator "product." "
Yes, the challenge is there. But who is to take it. Certainly not, the "bankers, bonuses, and bailouts", hooked in eking out another penny of profit.
"It's about learning to create thicker value: authentic value, that endures, resonates, and multiplies. "
Learning to create thicker value. Is it a matter of learning? What kind of learning-inducing environment is there? Does the state provide for such an environment? Are the conditions adequate for such environment to exist?
"..for-profit colleges received more than $4 billion in Pell Grants and more than $20 billion in federal loans provided by the Department of Education" .. is reported in page "For-Profit Colleges: Undercover Testing Finds Colleges Encouraged Fraud and Engaged in Deceptive and Questionable Marketing Practices."
The U.S. Government Accountability Office report, bears witness what kind of value such investment has produced. Thin? That would have being something, at least, but more likely negative value.
And such a process is going on and on, every time and everywhere, what makes me wonder. Are they so thick that they would never learn? Or the 'thickness' factor is transfered from the value prerogative to their mental faculties. Incapable of learning. The state, its executives, hard on their heels into producing thinner and thinner value.
The state that is supposed to be, that it is there for the people. Governments that are voted in office, by people.
"Unless, of course, you think you can survive another lost decade."
Lost decade? Who has lost it? Certainly not the "bankers, bonuses, and bailouts". The people?
If the people, who cares!
Certainly not the "bankers, bonuses, and bailouts" and probably not the economists.
