Saturday, November 12, 2011
Stock markets around the world rebounded after Greece appointed Lucas Papademos as Prime Minister and Mario Monti is to take over from our old friend Silvio Berlusconi. The optimism is due to both men being technocrats rather than career politicians, the expectation being that they will do what is best for their countries rather than looking at the next election. But will they? Papademos was the Governor of Greece central bank when the country joined the euro with fake accounts of its finances. Was he unaware of the deception? If so, why? Mario Monti is International Adviser to Goldman Sachs and Coca Cola ( Wikipedia ). Both men seem pillars of the establishment which is seen as helping bandit bankers continue with their bonuses while piling hardships on the people. At least Monti has promised to cut perks enjoyed by politicians in Italy. If only we had someone like him in India. Here politicians believe that winning an election gives them the right to use public money for personal luxury, foreign travel and sending a private aircraft to fetch a pair of sandals. Like mongrels fighting in a garbage dump they fight to get cabinet posts which give them control of public sector companies. They then use the company's money to finance travel with wife, family and friends. Conrad Black is serving a long prison term for precisely the same crime but our politicians control the police and so are immune. At least Berlusconi is honest enough to claim that he can do it 5 times a night but our politicians claim to be impotent after raping women. There is no creature lower than politicians. We need Citizens Corporations to protect us. Urgently.
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