All bankers watching TV yesterday night received their general absolution. The new government announced their shadow budget. In doing so, they declared the shadow budgets of the bankers legitimate.
Until recently, bankers objected to not being permitted to do business outside the official balances in the future. Now they must feel confirmed in their opinion. After all, now Germany also wants to open a deceptive budget besides the official balance of the common budget. Even if the constitution does not forbid it, the word “shadow” says it all. But why does our government set us such an extremely poor example for answering an existential question in times of an existential crisis?
In philosophy, we call this performative contradiction. In other words, the behaviour of our Federal Government differs from what they preach. Politics proposed two wonderful, elegant rules for the future financial market. Firstly, the obligation to base higher risks on more capital and secondly the ban of business outside the official budgets. Now the politicians themselves violate both rules. We just mentioned the shadow budget. And what else is the ever higher federal debt but an erosion of the federal capital?
Well, this behaviour will not really upset anybody, because who expected anything else? Yet it is interesting how the constant performative contradictions of the politicians are camouflaged: with the complexity lie. That is a lie all fake and double-dealing businessmen use. They say the field of activities was too confusing. The political field. The financial field. They say that is why the best-meant attempts keep rendering the wrong results. Yes, the world is possibly a complex affair. Yet in this particular instance, it was not. If the politicians had just applied the model they demand from the banks to their own behaviour, everything would have been extremely easy. Role models and love, said Pestalozzi, is all you need for educating children.
If Our State and Fatherland had acted up to that standard, the result might have been that banks become more obedient.
SIX
(Translated by EG)
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