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...

http://www.sendspace.com/file/yysg8x