PRINCIPLES CRISIS

Today I´m talking about Economy, my area.

This crisis is not new, it started a few years ago; as the reader knows we are involved in  a big crisis that is producing collapse in companies, people and even countries, like Greece, Ireland, Iceland ... now is easy to understand what had happened with documentaries like "inside job", with a lot of books talking about that, now everybody is an expert in this area, why not before?, why not when the bubble was growing up? maybe is because most of this people were part of the problem and they were in a comfortable situation that didn´t allowed to talk about that, or even to think about that.

That´s not just an economic crisis, is a system crisis, a principles crisis, last week I had a job interview (I´m pretty sure I´m going to write a book about interviews because I´m an authentic expert now ;)) and we were talking about honesty, what is it? is just honest who do what the ethical says, or who do what is good for their company though is lying or cheating??? Here the dilemma, but what is sure is that you can´t be on both sides of the same coin as in the documentary I mentioned before is explained. In US investment banks happened awful things, weird things, bonus, corruption, politicians, swindle...


Now it seems each of us is deeply concerned about what had happened, but in the future is going to happen again (the tulip bubble in Holland happened in 1637 and we learned anything), in fact it had happened recently, in Valencia (Spain) the police have arrested a man who had swindle more than € 300 million in all the world, the pyramidal fraud again, he was a street seller with greed, and people who invest in his company were greed people too, just because he offered rates up to 10% monthly they invested. (http://www.abc.es/20110325/local-comunidad-valenciana/abci-detenido-valencia-estafa-piramidal-201103251251.html)

That´s what I mean, we, the society, have to change our way of think, is the only solution. I appreciate two top most widely prestigious business schools are including ethic as something important in the MBA. "There is something are worth fighting for"



If you have time you should watch it, is free, you improve English, you improve Economy knowledge and of course you improve as person. http://topdocumentaryfilms.com/inside-job

Just mention that the picture I choose here was the winner in wolrdpressphoto in 2009 (US Economy in Crisis: Following eviction, Detective Robert Kole must ensure residents  have moved out of their home, Cleveland, Ohio, 26 March), I could visit the exhibition in Lisbon (Portugal) and I strongly recommend it if you have the opportunity.