We tell poor nations they have to make their financial markets transparent before capital will flow to them. Now it's our turn. Lacking adequate regulation or oversight, our financial markets have become a snare and a delusion.Basically, problems occur when people in an industry are doing things without understanding, without using an evidence-based approach and without informed consent merely because it is expedient.
...hmmm - sound familiar? Where else is there crisis and need for transparency? I'm just sayin'...
2 comments:
It seems so obvious to me. WHY, oh, why, isn't it obvious to everyone? I do not understand why opinion is often more highly regarded than fact.
I hear you...I'm fine with opinion based on facts - there are interpretations and subjectivity...that's why we prefer some experts over others - because they are smart & can interpret for us. But so much of what we do - well, we do it because we do it that way & don't stop to think why - is this still the best way? Was it ever? What does science (from actual blind studies, not those paid for by the very folks who have a dog in the fight) say?
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