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  1. #1
    Senior Member Survive & Stay Free's Avatar
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    Default The piracy parallel?

    I was discussing the present day financial crisis with someone the other day who considered it parallel (analogous?) to the issue of piracy in olden times, the present day existence of tax havens being comparable to pirate ports or havens, the rogue traders and companies to buccaneers or pirates, sometimes working to simultaneously further national objectives or play a part in geopolitical power struggles but other times just suiting themselves etc.

    They expressed the view that in the same way that piracy was not wiped out until a strong enough imperial power decided to wipe it out that the capacity for creating crisis or turning a business cycle bust into a bakruptcy will remain until a similar authority arises which has no wish to see financial roguery survive any longer. They thought that China could be such a power.

    What's your view, is the parallel or analogy a good one? Do you think an authority capable of correcting this sort of thing can or will emerge? Do you think it could be the Chinese and why?

  2. #2
    The Eighth Colour Octarine's Avatar
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    Default

    The only thing that can wipe it out is increased transparency and democratic action. Financial roguery, especially amongst the elite will always exist if they can get away with it. China is rife with corruption, so unless they have some sort of fundamentally new democratic revolution,* then I don't see it happening.

    * - For starters, we need a more coherent theory of federalism. Scale is an all-but-forgotten aspect of political science. It is difficult to argue that even amongst a relatively homogeneous ethnic and cultual population, that individual interests and diversity could effectively be managed in a top-heavy way with maximal cohesion and transparency when you have populations upwards of 200-1500 million.

  3. #3
    . Blank's Avatar
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    Default

    It's more accurate than you know.

    [YOUTUBE="http://www.youtube.com/watch?v=ecFBcpY9NHI&feature=related"]Corporate Pirates[/YOUTUBE]
    Ti = 19 [][][][][][][][][][][][][][][][][][][]
    Te = 16[][][][][][][][][][][][][][][][]
    Ne = 16[][][][][][][][][][][][][][][][]
    Fi = 15 [][][][][][][][][][][][][][][]
    Si = 12 [][][][][][][][][][][][]
    Ni = 12 [][][][][][][][][][][][]
    Se = 11[][][][][][][][][][][]
    Fe = 0

    -----------------
    Tiger got to hunt, bird got to fly;
    Man got to sit and wonder why, why, why;
    Tiger got to sleep, bird got to land;
    Man got to tell himself he understand

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