Wednesday, February 24, 2010

Consequences of the short term

Human nature hasn't changed. What has changed is that we have become more short termed. It was always the long termed that kept is virtuous. Without its restrain all sorts of shenanigans appear. No amount of regulation is sufficient until we take a longer term view. We must believe that those who have taken shortcuts will be met with dire consequences. Look at the purgatory Toyota is on today.

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