Thoughts of the Day
What has happened to the heightened expectation of a new way of doing things under Malcolm Turnbull. I think the term 'wishy washy', has a relevant ring to it. We expected so much and seem to have got so little. Even a Marketer starting out knows that they need to keep the message clear and simple. We're still trying to find the message!
The essence of business is to understand your customers needs and cater for them - then make sure that the message of your offering is made clear to them.
In politics it seems to have become de rigeur to put self-interest and short termism ahead of the customer needs but since this is the case for both parties then we never get any valuable or worthwhile change.
So much focus is currently extended to the minutiae of the day to day political and financial movements that I believe we sometimes miss the forest for the trees. Sometimes we get so immersed in the current political and economic environment that we miss the true historical changes that are or aren't taking place. It is only when you have time to reflect on the history of events and then to look at the currency of events that parallels can be drawn.
It strikes me that little has been learnt from recent past history and the gambling with our futures that caused the recent economic and financial woes continues. There were no consequences to the actions of those who perpetrated the economic problems and indeed many benefitted significantly from it. Little surprise that they now continue to do much the same with our children's futures. Collateralized debt obligations (CDOs), the bad boys of the financial crisis of 2008, are coming back, now renamed but the same.
The rewards that we give our leaders for short termism has also meant a lack of commitment to building strong foundations for future businesses. I would challenge that this is not a serious commitment to shareholder value and wealth but indeed a commitment to self-interest. Who ever got paid for non performance in the way that equities and share brokers do. Now we are even gambling on the promise of a possibility - a sure thing for those who do it, since they use other people's money with a socialising of losses should they eventuate. It is guaranteed that they will.
This inevitability underscores our need for a political resolution. However, there is no will, no-one gets a pat on the back for solving a problem that isn't there yet. Politically they can only benefit from being seen to solve a problem that has eventuated and is not of their making.
This is the oil that our society has come to run on, that of personal vested interest in the near term not the virtuous notion of leaving a legacy to future generations.