The recession seems to have brought out a vast range of new cliches, platitudes and jargon from our benighted politicians and journalists. Never a day goes by (how about that one for a start) but we hear "we will do whatever is needed" or "we will do everything necessary" when what they really mean is "we don't really have clue but it sounds good".
Then from the media there is "disaster scenario" or "things will get worse next year" or "negative equity" and so many more, all linked to the media's need for doom and gloom.
Cynical? You're damn right I am! We are locked into an economic situation brought on by reckless and frankly buccaneering forays into an investment market which was essentially a house of cards and which fell dramatically late last year. However, no-one, much less our politicians, has had the basic courtesy to apologise for their errors. Then again, like producers at the BBC, they don't make mistakes - it's just that we don't understand.
At long last and after a great deal of anger from the people, we hear today that some of the executives at AIG are giving back their unearned bonuses, without, as far as I can see, any apology.
Read The Puritan Gift (see my earlier blog) and realise how far we have come from the days when most companies had values and an ethos which would never have allowed this attitude from their staff. Let's hope that the New Normality will bring with it a new approach to integrity in business.
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