Thursday, July 14, 2011

Island of Saints and Scholars


In my last post, I satirically referred to the Moody downgrading of Ireland’s credit rating to “Junk” level. I suggested by the graphic that the “credibility” of our pillars of society were also at junk level.

On receiving some feedback, I want to make clear my position in a more serious way. I believe the low state in which Ireland finds itself is essentially because of a nurtured culture of greed, graft and gross-mismanagement which overtook the population to the point of inducing collective blindness. A blindness to see that the bubble had to burst, that the gap between the fat-cats and the less-well-off was wider than what was sustainable, and especially a moral and ethical blindness which extended right to the top levels of our society including professionals, and even the judiciary.

How could a small country like ours justify paying our politicians and judges more than twice that of Germany, a secure and rich country?

IMHO Ireland is now in a form of “Receivership”. The new government have been given a massive mandate to try and rectify the damage done by the years of greed and mismanagement. The IMF has an interest in this “Receivership”, and the EU Banks have an interest if only motivated by expedience.

“Receivership” is a legal device by which an institution or enterprise is held by a receiver, a person or persons charged with the custodial responsibility for the property of others, including tangible and intangible assets and rights.”

Whenever one heard of a business going “into” receivership, there almost inevitably followed the winding-up of that enterprise.

I believe that current government is trying very hard to steady the ship and bring her ‘round from a course towards the rocks. There is a hope, a glimmer, palpable from the ardent efforts at honesty and openness in their attempts to correct the gross imbalances.

I have always maintained that the economic problems besetting Ireland have their root and branch firmly planted in soil that is totally lacking in the essential nutrients of morality and ethics.

We have now reached a “turning point” - and even though there is dread for the immediate possible fallout, there is also hope. A little glimmer of hope for a new spring that brings fresh growth in which spirituality and right living will again fuel the engine of our endeavours, as it did in a glorious past - earning Ireland the title of “the Island of Saints and Scholars”.

Apologies if this post sounds a little bit "schmaltzy"


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