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Revolving Door and Gravy Train for ex Leaders & Politicos

Senior citizens wonder what went so wrong with the world while younger people wonder why the world is in such a shameful state. It is always easy to look back at the past and think that: Oh! things were so much better then! And this is indeed something that is assumed to have played a part in the vote for Brexit, for Trump and perhaps even the French elections.

And of course one always remembers the Good things and not the Bad. However, there is one thing that has become so much worse. Undeniably. The ethics of former political leaders, or rather lack thereof. There is of course nothing illegal in accepting six digit payments for giving a talk. Nor is it illegal for ex Goldman Sachs employees to go into government or ex politicians to go to highly paid jobs in say Goldman Sachs.

I refer to Goldman Sachs just because it is the most obvious, not because it is the only financial or other institution that has such influence. The governor of the Bank of England, the governor of the ECB to name but two of the most important currencies in the world are both ex Goldman Sachs men.

Manuel Baroso who was not at all a successful Prime Minister was given the job of President of the EU Commission (where his term was not a sparkling success since the debt crisis broke out and the way it was handled may well lead to the collapse of the EZ if not the EU) but never mind, he was duly rewarded for all his pains with a well paid job at … yes. You guessed it.

There is no end to such cases from around the world. That is the infamous revolving door. But another instance is the exorbitant fees these excellent people who run our lives (for better or for worse… usually the latter) are rewarded with. To take the most blatant examples. Bill Clinton has made millions (and makes no secret of it) from charging exorbitant sums for giving talks. Tony Blair went full throttle not only with overpaid talks, but various consultancies and such as well.

And now splashed across our screens (what used to be headlines in the papers) Barrack Obama to get $400,000 for one talk. Who? The great and wonderful Barrack Obama who could do no ill! And this is just the beginning for him.

To my mind this is obscene. All sense of any decency that ever was has disappeared. And yes, in times gone by this would have been considered a disgrace and not something to shout out about in triumph.

But as we wonder, why the hell is the world in such a state? maybe we should bare this in mind. Politicians of whatever colour or creed, do not give a damn about what their job is supposed to be. They are more interested in what they can get out of it. Not by graft or embezzlement or anything obviously illegal, but from the perks offered them.

And the question is, would Bill Clinton, Tony Blair and now the iconic Barrack Obama (to name but the most obvious though David Cameron has now also climbed on the band wagon) be offered such exorbitant sums for a simple talk, or offered such highly paid jobs where they are not expected to do much at all, if they had done their jobs properly?

That is if they had served their people, those who voted them into office and whose interests they were supposed to uphold and pursue, rather than curry favour and indeed serve the interests of Banks, financiers, and various businesses instead?

Hardly. Had the interests of people and society come first and foremost there would have been no remuneration of this kind for them at all.

It is obscene and it is disgraceful and shows how these people have no ethics, no ideals and one vision only. How to make millions for themselves. And this they can only do by screwing the people well and truly.

 

4 Comments

  1. I think that such inequality leads to rather sad consequences. It all begins with the availability of jobs in a large corporation for ordinary people.

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  4. Obviously, it is always better to look back and see what has been done incorrectly. I agree with you!

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