Who should pay?
In spite of this reality with the majority facing stark economic circumstances banks continue to pay absurd bonuses and salaries to the managers. In constitutional economic terms alone these series of events represent an unacceptable face of "capitalism" which violates basic constitutional issues such as asking permission of the constituency of private individuals and families before deciding to sequestrate their current and future assets and cashflow and openly donating these funds in a discrimnatory fashion to protected policy-related groupings of institutuions and to the benefit of their management.
We need to reflect on the outrage of so-called democratic governments, who enjoy a minority of support of their electorates, taking decisions to impose on their national constituencies decisions for which they never received a mandate. No one voted for the current economic chaos and even less voted for the methods being applied to "solve" the problem.
The facts remain that KM theory and practice provides no useful roadmaps to mitigate the general suffering. Politicians insist that all "take the medicine" while they continue to protect those whom they mistakenly believe can sustain their party political future at the expense of the electorate.
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