The bail-out is a temporary relief to a disorder and malaise brought about by a century of unprecedented economic growth along side growing errors and unrestrained character flaws. Unless we know the root causes that brought about this disorder, we would be like a doctor providing aspirin to a patient with a severe fever and headache.
The US stock markets may indeed recover by hundred points for a week; a huge sigh of relief are heard from the Chicago Mercantile Exchange to the Philippine Stock Exchange; those in government who have been heavily engaged in financial speculations may now be jumping with joy.
But what next?
What’s missing?
Will the bail-out bring about lasting confidence in the economy? Will the economy now grow and employment increase? Will we now experience price stability such as in food, metals and oil? Will we have faith in the implementors of the bail-out program?
Or would we rather say that we may be jumping from the frying pan to the fire with this new law?
What is missing?
This. What are the root causes of the problem and how does the bail-out become the answer to this problem? You may even ask, “Will the perpetrators be found guilty, dislodged from power and punished?”
Read on (in .pdf, 7pp)