Posts Tagged Economics
Paolo Freire warns that “`Washing one’s hands’ of the conflict between the powerful and the powerless means to side with the powerful, not to be neutral.”
From Power and Love by Adam Kahane
If you are neutral in situations of injustice, you have chosen the side of the oppressor. If an elephant has its foot on the tail of a mouse and you say that you are neutral, the mouse will not appreciate your neutrality.
The moral component of leadership is the ability to understand and communicate the moral implications of our choices. Choosing policies that bailed out banks but not homeowners is a moral choice. Certainly, if we’d bailed out homeowners rather than banks, the economy would have played out very differently over the last few years. I think it’s fair to argue that the financial crisis was a symptom rather than the disease, so in flushing god knows how much money into the financial system we were likely not addressing the underlying problem. In dealing with problems, you want to use your resources effectively – and to put resources where they will do the most good. Bailing out the banksters wasn’t an effective use of resources. The financial sector consumed billions without actually helping the economy. In system wide problems, diffused solutions are more effective.