Saturday, December 15, 2012

Top-Down, Or Bottom-Up?

I've always argued that real change comes from the bottom up, and not from the top down.  Had we applied that principle to the Great Recession, we all might be in better shape now.  In other words, punish the culprits in the business and banking community, and bail out the people.

Too idealistic, you think?  Couldn't work?

Well, don't tell that to the people of Iceland.  They gave idealism (or common decency, as some of us might think of it) a chance, and it actually worked.

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