Monday, September 22, 2008

Another example of why you shouldn't be an asshole....

...Because when your banks go into a liquidity tailspin, international financial partners will not come to your aid.

http://www.nytimes.com/2008/09/23/business/worldbusiness/23euro.html?_r=1&ref=business&oref=slogin

Even in the international financial market system, the do unto others idea probably has something to do with how folks do business.

When your G-7 partners call for greater regulation of corporations and industries, maybe you shouldn't thumb your nose at them.

When those same countries are asking for cooperation in stabilizing their own markets, maybe you shouldn't count on capitalism's power to fix itself.

Turns out the the global market really doesn't fix itself. Some people will write that it does, even in the face of this overwhelming evidence to the contrary. They will be wrong again.

And sometimes, we all need a little help from others.

Way to suck at diplomacy, you beautiful administration.

Another reason not to be a jerk,

-kevina

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