So Could YOU Run A Modern Aggregate, Without Exploiting Staff To Satisfy Corrupt Stockholders?

(Commentary posted by Roger Erickson - hat tip to Mathias Bolton)

And stay in charge, or alive?

This story drives home how little has changed in 3000 years.

1st recorded labor strike; in Egypt under Ramses III,  circa 1155 BC

Archaeological findings describe "the workers' struggle, and the corruption which had spread throughout the administration." So some things haven't changed?

Since the EMU Was Such A Successful Disaster: East African Trade Bloc Approves Monetary Union Deal

(commentary posted by Roger Erickson)

(hat tip Pedro da Costa ‏@pdacosta)

"The leaders of five East African countries signed a protocol on Saturday laying the groundwork for a monetary union within 10 years that they expect will expand regional trade."

"In a monetary union, the absence of currency risk provides a greater incentive to trade"  [they claim*]

"Adjusting to a single monetary and exchange rate policy is an inescapable feature of monetary union ... but this will take time and may be painful for some," [a rube, ... er 'spokesman'] said, referring to the fact that some countries may struggle to meet agreed benchmarks.

***

Deja vu? Corrupt Neo-Liberals in corrupt countries perceive familiarity as a positive? Does pegging allowable looting levels to "banking stability" constitute a felony yet?

*Standard disclaimers apply. Euro experiences may diverge from the claims made in advance. See your local 1% for protection racket access.

What's the Causality Behind This Being the Reason?

Why Corporate Fraud Is So Rampant: Wall Street's Cop

We're not even scratching the surface.

1) YES, the culture is corrupt.
2) WHY is the culture corrupt?
3) WHY/HOW did we let it get that corrupt?
4) Why did we even start down that path?
5) Why did we let others start us down that path?

Complacency & personal vs group greed kills groups. You can't cheat an actively honest electorate.

In every social species, and in every organized nation, every process is too important to to be left to the presumed process owners.