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Corruption, Culpability and Short-Termism

By Implode-Explode Heavy Industries

" People are increasingly collectively horrified at the extent of the fraud and corruption that lies at the heart of our financial and broader governance structures. They seem surprised, as if this were something new, when in it has actually been growing in tandem with our credit hyper-expansion for decades. Corruption in complex systems never goes away, it merely waxes and wanes, and goes through phases where it is more or less visible."

Full post as published by Mortgage Lender Implode-o-Meter on February 08, 2010 (boomark / email).