In these times of great confusion and bewilderment, I felt compelled after much reflection to get clarity over the financial conundrum we are facing, which is characterized by deliberate obscurantism to say the least. I also wanted to reflect on some constructive ideas about this very difficult subject.
By nature I am compelled to seek the crux of a problem and think only in terms of solutions. I also wanted to understand how this affliction came about.
I tend to look at situations in a holistic manner beyond the outward manifestations of symptoms, which in this case are the bankruptcy of the financial institutions and the failed state of Lebanon.
The deeper underlying cause can be summed up by saying that extreme negligence, recklessness and self-serving narrow public policies driven by priv...