Thursday, 15 November 2012

The Imporance of Being Ernestly Dishonest

"The secret of life is honesty and fair dealing. If you can fake that, you've got it made." Groucho Marx

It seems with the sub prime bubble and a general mantra in banking, politics and tax accounting in particular makes this joker's words ring true.

We live in a period where George Orwell would recognise the double-think. People find some truth, like creative services can be exported, or a go between company can make margin on a commodity, and then they go and apply it in a double-think lie to themselves and everyone else- the marketing budget for starbucks suddenly becomes a cost transfer, exporting profits.

The sub prime is the same: this is crap, but wonderful stuffing crap where everyone wins because we all believe in this stuffing crap. The same with some chinese companies, the material certificates and quality control internally are not worth the paper and breath used to make them.

Given the loss of real return from real companies, the banking sector had turned to a house of cards of lies upon lies, surrounded by mischieve and wrapped in subterfuge.

I think with the win of Barack Obama and the turning of several economies, then there can be hope again that the world can turn its face away from lie-to-win and bring back in standards and strong governance.

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