President Obama and his team keep using words like "shameful" that bonuses are being paid and "will do everything we can to get the money back".
However, this raises many questions :
1. Surely, in a Capitalist Democracy Model, the Rule of Law is paramount. What happens to the validity of contracts ? How enforceable are they if the "Rules of the Game" can be changed ? Is that why the US Congress is changing the law to levy heavy taxes on bonuses ?).
2. Would foreign nationals, organisations, corporations and governments think twice or more than twice before entering into a contract with a US entity -- even one that is not, for the present, today, "assisted" by the US Government ?
3. How will these organisations retain talent ? What happens to the morale of the employees ? Are these employees critical to the organisation returning to a sound footing and the U.S. Government receiving it's money back ? What is the legal and financial position if such employees quit (whether out of disgust or personal stress) ? Or are appeals to "patriotism" going to be made very soon ?
* : United States of Socialist America
2 comments:
Hi Hemant,
You have caught the right points... The Some of Answers to your why can be answered by two documentaries "Zeitgeist" and "Zeitgeist Addendum"(Although, I don't go by the religious concept portrayed in the documentary)
You can search the complete documentary on Google Videos.
Anxious to hear your feedback after you watch the documentaries.
I haven't seen the movie yet. So I won't comment on that.
Post a Comment