The Japanese Prime Minister survives a vote of no confidence but should we care? Politicians come and go, surely? Are there not far bigger fish to fry?
The Peter Principle states that in any hierarchy 'every employee tends to rise to his / her level of incompetence'. This notion conjures up all sorts of possibilities, not so? Goldman's hot-seat would not be Blank; Mugabe's a wannabe, a rung or two too high; Moody's, S&P & Fitch might have heard the exit bell before QE one, two and three. Watchdogs would have unearthed their Madoff and so on...
Between us, confidentially, incompetence seems the order of the day.
The Peter Principle states that in any hierarchy 'every employee tends to rise to his / her level of incompetence'. This notion conjures up all sorts of possibilities, not so? Goldman's hot-seat would not be Blank; Mugabe's a wannabe, a rung or two too high; Moody's, S&P & Fitch might have heard the exit bell before QE one, two and three. Watchdogs would have unearthed their Madoff and so on...
Between us, confidentially, incompetence seems the order of the day.
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