[governance] The danger of blindly trusting the technocrats

[Riaz K Tayob]

FWIW, which is why deliberation is important where the trump card is 
reason (even if we disagree at first principles). In this vein, creating 
a strawman (like assuming a critical stance is necessarily an aggressive 
one, like the ad nauseum pining about corporates as stakeholders as 
being no different from, for instance, public interest arguments or 
positions) and shooting them down is a rather weak tactical move if not 
backed up by substance. Even Greenspan gets the point that self-interest 
(or profit) may not be an adequate check on 'animal spirits' of the 
market. These matters are context specific, and it simply depends... We 
can all see what light touch regulation or self-supervision have done to 
the US in the name of profit and efficiency in the mortgage market. With 
being ad hominem, one (not you or anyone specific here) really has to be 
crazy or blind or ideologically or financially committed to push the 
soft touch or trust the profit motive line in this day and age. But 
perhaps not, with about 11 trillion spent on bankers and the bill sent 
to the people (sequester) it seems like the Borg has it right as far as 
public interest in the US goes (of course from an outsider perspective 
looking in) - resistance is futile...



Riaz


On 2013/05/27 10:07 AM, Avri Doria wrote:
> Hi,
>
> Parts of this discussion have me bemused.  For example we have seen many cases where certain members of Civil society are against most things corporate, yet, get the bulk of their funding from corporate funds.


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