Mar 31, 2009 6
FINANCIAL LEADERSHIP: BULLSHIT
A minister speaks:
“The real test of the G20 leaders this week is whether they can exhibit, in everything from their body language to their proposals, sufficient co-ordination and confidence that people give a collective sigh of relief and say – at last somebody’s in charge.”
Something similiar has been suggested by Democratic pol Jamal Simmons – but this time for bankers:
The banks need a few financial heroes and some positive stories to ease public discomfort over shoring up these financial institutions.
Seeing a few blunt-spoken business leaders willing to take on the excesses of their industry in popular media would go a long way toward restoring some public confidence.
Confidence works on the level of perceptions. So if you want to encourage it it is tempting to deal directly with perceptions. Harry G. Frankfurt’s excellent little book On Bullshit has some words to say on the ultimate effect of this:
[The bullshitter] does not limit himself to inserting a certain falsehood at a specific point … He is prepared, so far as required, to fake the context as well.
Someone who lies and someone who plays the truth are playing on opposite sides, so to speak, in the same game … The bullshitter ignores these demands altogether. He does not reject the authority of the truth, as the liar does, and oppose himself to it. He pays no attention to it at all. By virtue of this, bullshit is a greater enemy of the truth than lies are.
Although the idea of bankers going into the community to redeem themselves is a very tempting one. As Simmons asks:
What bank employees coach local Little League teams?
If anyone in Morgan, Goldman et al are reading this: I’ve got some washing up for you.
Alain de Botton doesn’t know this, but I have a relationship with him. I talk and think about him so often, in fact, that I
Matthew Cain is an unstoppable blogging machine (UPDATE: he’s on the left) who’s been incredibly helpful to me as I struggle to set up this blog. Here’s a sample interaction, from today:
So why do it?
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