muses of the moment

April 24, 2013

A quote

Filed under: Odds 'n ends — totallygroovygirlfriday @ 1:42 am

Groovygirl particularly liked Jesse’s quote of the day yesterday. So very true.

“Every dictatorship has ultimately strangled in the web of repression it wove for its people, making mistakes that could not be corrected because criticism was prohibited.”

Robert F. Kennedy

We can extend this concept to every aspect of business, society, and life. When negative feed back loops are cut-off, like putting AAA ratings on sub-prime lending (with full compliance of the rating agencies) and moving derivative bets off the balance sheet (with full compliance of private and public regulators), whole industries dig their own graves.

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