Monday, May 10, 2010

Politics Over Economy?

I found my favourite Economic Blog here sometimes before, not knowing that this is where The O Great Sir Walla resides!

Since I never took Economics in my formal education years, I could not be able to dwell in such clarity and depth when Sir Walla shared his views on Australia's proposed resources tax but my logic coupled to what I read about the resources giants and their exploration (and exploitation), it is understandably why I concur with Sir Walla's glowing commendation on this real innovation in public finance.

Encik Hafiz Nor Sham
, thinks it's primarily Mr. Rudd's 'gula-gula' to 'reenergise' the weak Labor Party, when he "argued that it's politically innovative. Economically, he'd differ".

Hmmm, I recalled what I wrote in "Politics of Marriage" quoting Aristotle's works on Book VII that opined , "political society exists for the sake of noble actions, and not of mere companionship".

And that makes me wonder a little bit further - do we choose politics over economy? Can I likened that idea to enriching the public versus enriching selective people?

A Hung Parliament in UK caused FTSE to plunge to its worst level in 3 months and the business commmunities have appealed for the political parties to put aside their political horse-trading and put the UK economy at the heart of their thinking, as reported here.

The Guardian expressed their wrote here that a vast majority of Greeks are baying for the blood of those perceived to be responsible for dire straits of the country's public finances - those crooked politicians and businessmen. The country's austerity measures have sent thousands of angry and sorrowful Greeks into the street and a few have lost their lives.

I choked with emotions reading this report - we may well be another Greece if we did not fight to be the Greater Malaysian. I believe everything will be fine when the power in control dispenses the right policies for the right causes - holistically. There's no two-way about it.

I guess, for me, I would always go for right politics above economy. Well, not surprising, the first female winner of Economic Nobel Prize for 2009, Madam Elinor Ostorm, is a political scientist.

"To put the nation in order, we must first out the nation in order; to put the nation in order, we must first put the family in order; to out the family in order, we must first cultivate our personal life; we must first set our hearts right"

~ Confucius

1 comment:

Anonymous said...

For those who have paid their 'taxes' to life as they have paid their taxes to society, may they find peace, joy, meaning and renewal from now on...