Q and A with Dr. V.K.Tsitsiringos on the Reasons for Economic Failure

Q and A with Dr

Q and A with Dr. V.K.Tsitsiringos on the Reasons for Economic Failure

Following are the excerpts of a phone interview with Dr. V.K. Tsitsiringos, on the reasons for economic failure. I thought it would be very timely to discuss this with Dr. Tsitsiringos, as his other articles and blogs are so enlightening and informative regarding rather complex subjects.

SF: Good morning Dr. Tsitsiringos, thanks for allowing this phone interview. I am recording it, and will reproduce it in article form.

Dr.VKT. My pleasure Sotiri. What can I help you with today?

SF: One cannot watch the news, read any newspaper, or magazine, without being faced with the subject of economic failure. Could you give us your own thoughts on the general reasons for it?

Dr. VKT. Interesting question. We must consider thatIt is evident that we are living in interesting times, experiencing (witnessing) the break down of the economic system. Carefully I did not say the failure of Capitalism but the rules that bind the capitalistic system.We are dealing with the failure of the system to procure and correct the false expectations given to the people of the western world by a group of sub-standard leaders. I think the basic answer lies there.

SF: Can you expound on that?

Dr. VKT. It is obvious that we lack ideological and ethical standards, which cannot help but to lead to severe infection of our civilizations; making our current generation politically one-dimensional, ethically completely indifferent (or worse), and socially catastrophic One can only wonder ifpeace on this planet is sustainable when an economic war is raging without any ethical barriers, naturally leading into a global monopoly of capitalism and a very dangerous authoritarian fraction that ultimately will prevail. The roots of economic failure lies here.

SF: This sounds almost like a psychological view.

Dr. VKT. Indeed. If we accept Dr Freud's theory that the human species is by nature competitive and at the same time anti-social (meaning that competition and mutual animosity are inbred characteristics of our species) then there must be a direct correlation with our modern capitalism. The economic person (I call him Homo Economicus) comprises of a mixture of anti-social tendencies and is therefore selfish and rather egocentric, with society reflecting that into a bloodthirsty form of capitalism; contributing directly in to the system's failure and as I have reiterated above, an economic war.

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