The Prince on the Wall Street spring


“For all the analysis and argument, history will regard what is currently being attempted in Europe as very simple: an attempt to place the burden of huge debts on those who are least able to pay and who are not responsible for creating them.”

This in the opinion of Prince El Hassan bin Talal the former Crown Prince of Jordan and chairman and founder of the Arab Thought Forum and the West Asia North Africa Forum expressed in an article in today’s Times.

For an Europe, whose unification had a largely Christian values system behind at the beginning, the time has come to listen to what the outsiders have to say as they have the vantage point of being spectators to its ups and downs for decades. The self-assumed status of role-model for the rest of the world  is no longer legitimate, or not unchallengeable in the least. The fragile equilibrium by going in tandem with US is proving an Achilles tendon when money go legit.

Now, there is something more than meet the eyes when looking closely into the matter. As the Prince says:

The human dignity deficit is more important than the budget deficit.

What for the people’s representatives up there looks most important today may not be so important tomorrow when the tornado stops and the real damages can be clearly assessed.

A small piece of statistics speaks volumes:

The largest six financial institutions in the United states have assets equivalent to 60 percent of GDP. With the exception of one or two obscure mortgage company officials, not one banker or chief executive or anyone else responsible for the economic collapse has been brought to justice.

What the Christian society through its powerful members of the European and US governments don’t bother to accept is that its real values are exposed by the facts. The political-religious rhetoric is proving these day (to whoever wants to see it) its role of smoking mirror meant to hide a completely pagan agenda.

The Prince comes again with an explanation of what this agenda might look like:

The issue is not simply one of raw economics. The protests spreading from new York are explicitly based on the recent uprisings in the Arab world. In the Middle East, patronage and a rentier system have strangled human aspiration and potential. In the West, the myopic search for profit and short-term advantage has created a corporate oligarchy whose interests are largely inimical to democracy.

It seems that whatever good intentions push the man toward one good deed or another, the forbidden fruit of greed is always up there in the fake knowledge tree

The conclusion cannot be other than:

For the first time the moral authority of the West, which is based on profound historical achievements, is open to question.

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8 Responses to The Prince on the Wall Street spring

  1. Pingback: The Prince on the Wall Street spring « The UnderBlog « Persona

  2. I cannot believe my eyes the sharpness of this little analysis. I feel something’s deeply wrong in this whole western financial system we created. I feel something’s deeply wrong when a whole country is going doom (Greece) and NOBODY is on trial. I feel something is deeply wrong on market gambling for profit. I was really expecting this kind of analysis come from Christian theologians. I would have expected for them to open our eyes on the troubled aspects of capitalism. Where are they?

    • sam says:

      I don’t think to expect theologians, Christians or not, to be the front-runners of a back to basis movement is quite realistic. You are right to expect from them to express a Christian based explanation, but that’s another story.
      The real leaders are the politicians backed by the money-makers, so no hope from that front either.
      An analysis, such as this one, could only clear a little bit the dust so we can have a glimpse of the reality. Once the “solutions” and “programmes” are implemented (read: glossing over personal and collective disasters) people will rush back to their daily routines.

  3. Pingback: Criza datoriilor (1) « Clujul Evanghelic

  4. pavel says:

    tocmai am dat de blogul tau. l-am citit aproape pe nerasuflate.
    n-as avea in veci gratia si rabdarea ta de a sadi in oameni atata samanta de indoiala. ramai pe pozitie. iti tin pumnii.

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