Thursday, February 05, 2009

Davos finds no answers to crisis


We worshiped in the temple of cutthroat competition, and so some cooked the books, because the treasure is so great


That is exactly what happened, much competition and lax regulation led to free and easy controls and illegality.

That is what needs to be changed and not throw out the whole system just because many did it wrong the first time around!

Onésimo Alvarez-Moro

See article:
The World Economic Forum has ended with a call to rebuild the global economic system.

Founder Klaus Schwab announced a "global redesign initiative" to reform banking, regulation and corporate governance.

For five days, more than 2,000 business and political leaders discussed what some here called the "crisis of capitalism".

See full Article.