Le più grandi sciagure dell’umanità sono state originate da chi ha voluto semplificare la vita pianificando il mondo.

Giovannino Guareschi

martedì 12 giugno 2012

Translation of the post of June, 11

the Minister's emergency exit 

If we forget that the author, Giulio Tremonti, Minister of Economy has been in all the governments of Berlusconi as well as personalities of the world economic and financial recognized internationally, if we forget that for nearly twenty years was in the cabin director of the Italian and European politics, well, if we forget this, then the last book written by former minister (Exit in, publisher Rizzoli, first edition in January 2012) seems written by a man, an economist from outside the schemes and logics that governed Italy and Europe in recent years. And 'as if the Capital had been written by Adam Smith and not Karl Marx, so to speak.

The work begins with this sentence: "The basis of the financial market is a powerful and dominant ideology that tends to zero the better part of human nature, shortening the economy and the economy in finance, a monster today is fed divorandoci and finally devouring "(p. 8).

The book recounted the facts, episodes and reflections that the author has seen and lived for the past five years, from 2007 to the present day. The analysis is lucid and in some places even tough and outspoken. For Tremonti at the base of the current crisis there have been three tragic mistakes made by the policy: no one has understood the difference between a normal business cycle and a historic crisis, it is paid with public money on private account of chance, and then exchanged false rules for real rules.

An important part of the book is devoted to the current era of globalization, with the power acquired by big business and now also globalized de-given responsibility to get the current issues regarding the future of the single currency and European unity itself.

The work closes with the four proposals, the four hypotheses as called Tremonti, to try to exit the current crisis. Sensible assumptions, questionable assumptions, but still intended to participate in politics to take a position, given that doing nothing to address the crisis we would definitely straight to disaster. This is ultimately the position of the former minister, a position that we sincerely share. It 'clear that, in fact, since 2007 has continued with the old policies that have given rise to this crisis and has not done anything to seek new ways out.

At this point, however, I would ask the author only one question: who could suggest new ways to propose to the Italian government and the governing bodies of the European Community: the undersigned or a man like Giulio Tremonti?


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