Steven Kim
2012
In any field of human enterprise, a solid grasp of means and ends is the first step toward fixing up a worthwhile scheme while cutting down waste and beefing up productivity. The next step is to thrash out a trenchant plan that exploits the opportunities and avoids the pitfalls in the landscape. The third task is to put the resulting plan into action with gumption and dispatch. In the case of the debt crisis, the proper course would require a cogent agenda to ensure a speedy recovery of the financial forum and the real economy. On the downside, the damage done to date by the banksters and politicos is far too massive to allow for a quick or painless recourse. On the upside, though, the lack of a pat answer does not mean that there are no useful cures, or that the problems should be left to fester on their own. For there are baneful schemes as well as healthful ways to deal with the ailments. To this end, it’s high time to consider the big picture and take the high ground. As things stand, the politicians will not on their own initiative take up the gauntlet and tackle the problems in a serious way. In that case, the voting public will have to prod the pols in the right direction. In other words, the ultimate responsibility lies with the electorate that has to insist on higher levels of integrity and accountability from their leaders in dealing with the weighty issues of the age. The examples of this stripe are legion, as in the case of public debt in the U.S., currency union in Europe, and economic growth round the world. The crucial issues are spotlighted by the hoopla over the debt crisis and currency union in Europe. To clean up the mess for real, the first order of business is to pinpoint the causal forces in the financial, economic and political spheres. The second, and related, step is to distinguish the bedrock of reality from the quagmire of illusion. The third task is to build on the hard facts in order to fix up a sturdy solution. In this way, a sound reme
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