It’s good to be home again by Prof. Michael R. Czinkota

I have returned from my summer trip to Europe and report that conditions have changed.

In England stood out for the views by its educated experts on money and markets. They don’t know and don’t care. New announcements and shifts are just shrugged off or, worse yet, ignored. Refusing to think or getting involved is the equivalent of Socrates’ poisoned hemlock cup – conditions will not improve by themselves.

eur01_400Institutions which label themselves as European now need to re-think their position as to its meaning in times of Brexit and growing conflicts and polarization. How can ship captains make a choice between the rescue of drowning migrants and personal jail time for doing so? Are we all in the same boat? Even in theatre performances the audience and troupe performances have lost their traditional bite.

Germany has a whole set of growing problems. I am not referring to the physical tremors of Chancellor Merkel. When standing is a problem she can sit. In the U.S., President Roosevelt served the country in spite of difficult illnesses, for more than three terms.

But I am concerned about the diminution of German ability to rely on its traditional strengths. When German intellectuals talk about U.S. policies there is very little well-formed reasoning, or even desire for input and learning. Rather, flash judgements and condemnations are made, remindful of the checking of boxes.

When the official airplanes of both the chancellor and the president repeatedly either can’t fly or must return to land right after takeoff, then the motto of “advancement with technology “ does not fare very well. Misleading public information on air contamination by car diesel engines is a shameful event.  Failed technology to measure societal impact of government action is wasteful and inefficient.

Increasingly, a sense of proportion and morality is missing. Take the case of Gustl Mollath who, was inappropriately placed in psychiatry for more than.7 years. Now, when caught, government offers him a paltry compensation of tens of thousands of dollars. At the same time, the Deutsche Bank, provides publicly more than $ 10 million for ineffective managers to depart, and we don’t know about any additional hidden support.

The rest of the article HERE!

Ovi magazine

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