Sigh... I resign with a heavy ‘head’
Joining the inglorious recession casualty club is the Belgian Prime Minister Yves Leterme, who along with his government, resigned at the start of this year over a legal banking scandal amidst the breakup of Fortis Bank and its sale to BNP Paribas amidst the severe banking crisis. The recession and related industrial issues has also led to street demonstrations in Iceland forcing the Prime Minister Geir Haarde to reign. Hilariously, not to be left out, the Hungarian prime minister has also threatened to resign (though to his credit, he has not yet forwarded his formal resignation letter).
And on the other front, for a change, the UK Prime Minister Gordon Brown refused to resign despite his party’s shameful defence (or lack of it) of the expenditure bills of many MPs. What is the learning from all these? Jefferson, the author of America’s Declaration of Independence, had famously quoted, “A democracy is nothing more than mob rule, where 51% may take away the rights of the other 49%..” Interestingly, there is not even one reference to ‘democracy’ in the said Declaration. Thankfully, there are a million references to democracy in all the reports we presented to you... Democracy lives, like how...
Joining the inglorious recession casualty club is the Belgian Prime Minister Yves Leterme, who along with his government, resigned at the start of this year over a legal banking scandal amidst the breakup of Fortis Bank and its sale to BNP Paribas amidst the severe banking crisis. The recession and related industrial issues has also led to street demonstrations in Iceland forcing the Prime Minister Geir Haarde to reign. Hilariously, not to be left out, the Hungarian prime minister has also threatened to resign (though to his credit, he has not yet forwarded his formal resignation letter).
And on the other front, for a change, the UK Prime Minister Gordon Brown refused to resign despite his party’s shameful defence (or lack of it) of the expenditure bills of many MPs. What is the learning from all these? Jefferson, the author of America’s Declaration of Independence, had famously quoted, “A democracy is nothing more than mob rule, where 51% may take away the rights of the other 49%..” Interestingly, there is not even one reference to ‘democracy’ in the said Declaration. Thankfully, there are a million references to democracy in all the reports we presented to you... Democracy lives, like how...
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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