Guardian 20 Jan 1984 – Why this Applies now to the Financial Crisis

Sometimes it requires a long time and a really deep crisis to get a previously unacknowledged practical proposals to gain currency in a new light. We suggest that the article Norman Strauss wrote in January 1984 provides just such example in the current global financial crisis. It specifically indicates:

– typical distinction between GOOD GOVERNANCE and GOOD Government

– more subtle distinction is between Systems as currently understood and the system dynamics over time = as they really are

– Trust is a Systems Issue which has to be treated as such.

In addition, it raises some fundamental questions like:

– How does governance relate to the dynamic  of the governing system?

– Is consensus system equilibrium and/or stasis?

– What is the relationship of breakdown and consensus/governance?

Incidentally, even high quality financial daily like Financial Times did not wish to recognise the root causes of the impending crisis nor engage in the discussion about ways to address it before it becomes as serious as it is now. How do we know? Well, by the enclosed letter remaining unpublished in spite of being submitted twice (first in January 2008 and then in April 2008). The point of the FT Au Contraire letter is that it was starting to apply at the frequency which regularly displayed the cracks that were beginning to undermine the current system and were accelerating it towards breakdown.