Friday, April 10, 2015

Economic Solutions: Exile?

Perhaps every corrupt politico and business exec should be permanently exiled to the world's poorest country... with just the clothes on their back.

Those who took multimillion dollar bonuses for crashing the world marketplace, those who defrauded investors, those who lied when they created worthless mortgage instruments, and those who let big business buy the laws they wanted ...

There are so many fair-minded folks in the world, willing to work hard and earn their way.  Then there the greedy ones who have everything and want more even if it is at the expense of another, or a million others.

I've been to some of the world's poorest countries.  Most of the folks I met were gracious and hospitable.  It wouldn't be fair to send them our maggots, I suppose.  They deserve better than to have a gaggle of JP Morgan players in their midst even if it would be humorous.  I have to admit, though, I'd love to see Deeb Salem and a flock of Goldman Sachs execs down at the river doing their laundry.

Napoleon was exiled.  Twice.  
He'd unified Europe, brought an end to feudalism, established legal equality, and religious toleration.  He made an attempt at ending slavery.  He gave Europe the Napoleonic Code which forbade privileges based on birth, allowed freedom of religion, and specified that government jobs should go to the most qualified.  The code influenced the world thereafter.

Despite such auspicious beginnings, things didn't work out well for Napoleon.  Too many power players, too much closeted wealth, and stunning avarice.  Perhaps we exiled the wrong leader.

Today's empire builders wage economic warfare, extracting wealth from the developing world with impunity, manipulating the entire world's marketplace for their betting table.  Here's hoping their Waterloo doesn't take the rest of us down.