Bernard Mandeville, a physician, English economist and philosopher who lived between the sixteenth and seventeenth century, tells the story of a bee hive in which each, driven by selfishness, worked for himself and all the strong and young bees did not care for the old and sick, dying, causing the hive to be efficient and robust. But one day came a bee who preached selflessness and equality, so the bees began to take care of each other, then came the winter when not having enough stock all the bees died.
This story has always been regarded as a great simplification of liberal thought: cultivating self-interest leads to the well-being of society.
I did read the speech in Toulon on September 25 by Nicolas Sarkozy.
The President intervened to talk about the economic crisis that is shaking the world. I hit some very incisive expressions that he has directed towards the idea of \u200b\u200bthe market "deregulation". Sarkozy says:
" The generation that defeated Communism had dreamed of a world where democracy and the market would solve all the problems of humanity. She had dreamed of a happy globalization that would conquer poverty and war.
That dream began to become reality: the borders were opened, millions of men have been rescued from misery, but the dream was broken on the return of religious fundamentalism, nationalism, identity claims, terrorism the dumping, relocations, abuses of global finance, environmental hazards, the predicted exhaustion of natural resources, food riots.
A certain idea of \u200b\u200bglobalization ended with the end of a financial capitalism that had imposed its logic to the whole economy and contributed to pervert it. The idea of \u200b\u200bthe omnipotence of the market that should be thwarted by any rules, by any political intervention, was a crazy idea.
The idea that markets are always right was a crazy idea . "
" Questo sogno ha cominciato has Divenire Realta: sono aperte if the border, milioni di uomini sono alla miseria sottratti my il sogno si รจ infranto on the return of religious fundamentalism, nationalism, identity of claims, on terrorism, dumpings, relocations, abuses of global finance, ecological risks, the term of Natural Resources announced, the motions of hunger.
A certain idea of \u200b\u200bglobalization can be reached by the end of a financial capitalism that had imposed its logic on the whole economy and had helped to pervert.
The idea of \u200b\u200bthe omnipotence of the market that was not to be contradicted by any rules, by any political intervention, was a crazy idea.
The idea that markets are always right was a crazy idea "
Leaving aside the historical Sarkozy commits a gross error in describing the end of communism as a victory for the West, it is inevitable to think, reading this, our beloved (not so) government, the Minister Giulio Tremonti, once a champion of so-called "deregulation" and now, changing the skin, without much noise is passed from the person who once complained that, by showing inconsistency and opportunism, or the rider Berlusconi, who in his statement does not attempt to be the idea that the system was wrong, but speaks only of some scoundrel should be punished.
creative finance has proven to be devastating for the economy and the bankruptcy of the Western world, it was not enough in 1929 to prove it, we have fallen from the 70s up to now: the state must continue to pry the economy only when the interests of the powerful are likely to end up badly (and with them, unfortunately, the money of many small savers). Here
Mandeville that melts in the sun and his bees that have never been concerned about the hive and now claim to take the honey, they fly more and more effort. The unbridled liberalism instead of producing excellent honey bees also have stiff healthier and stronger. Yet those who argued yesterday
"crazy ideas" is now in power, having to handle a tragic situation created by his own ideas and with hypocritical chutzpah is about individual criminals, proving he does not understand (or pretended not to understand) a tube what's happening in the world, or (and I speak French President), with even more chutzpah assigns these ideas to an indefinable third entity, to popular belief, that no one knows who will be awarded. Well let them names, we can say that to bring this crisis were right, first the Thatcher, Reagan, Bush senior, in our small Berlusconi and his clique. And Monsieur Sarkozy certainly can not call time out.
Thanks to them the financial world has always acted as if it were detached from the world of production, sharing it only with his crisis, not its flowers brought from operations without any guarantee, in a reality which is a thousand times more convenient to take action financial production, the first praticamennte 0 cost, the latter often taxed more than 50%.
When, however, the Prodi government ventured to propose to tax the investment income of 20% and instead created an uproar this crisis demonstrates once again that the professor had seen us long, but no one will make on the left.
Now the right to put a little 'pick it out of Mandeville in the drawer for a few years, just long enough to make us suffer the consequences of their crazy ideas.
Giovanni Venturelli
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