November 11, 2009

Social engineering

Sir I also belong to those who like Martin Wolf have a special relation with the cold war and it might be very difficult to transmit its real meaning to those born after the fall of the Berlin wall.

With respect to Wolf’s “Victory in the cold war was a start as well as an ending”, November 11, I have two comments.

The first is that we need to pray for that the size of the recent “piecemeal social engineering” and by which the government supported the markets, was not too big a piece, so that we will not choke on it. I do feel it could have been fed to the market in more nutritive and digestible forms.

The second comment is to remind Mr. Wolf that the most recent “utopian social engineering” to hit us, was when the financial regulators thought they should and could drive risks out of the banks.