System working?
I had dinner with a new friend recently - he's English with a French family. Lives in Paris, speaks at least 3 languages fluently and works in cross culture trademark licensing.
His take on the collapse of the dot coms and subsequent revelations of cooked books in our investment system is that it will have hugely negative world wide impact. From the rest of the world's perspective, the US has long been a role model for the way things ought to be done. Only the US has recently blown its credibility. Now the foreigners are saying "but see - they have to cheat too".
Previously we were the example that playing fair was the way to win big. We've lost our credibility as leaders and that's going to be very hard to win back.
