The most important role of a leader is to give his people confidence.
Not the management of the country - there is an army of bureaucrats who do just that and are happy to stretch it until retirement. And there is nothing wrong with it.
The leader needs to say what will stir people’s souls.
We may have lost a bit in that area – Reagan was a leader, FDR was one too (“the only thing to fear is fear itself), as is president Trump and I am surprised how this man still stays alive - his security unit should get a Nobel prize for efficiency.
John F. Kennedy tried to introduce similar reforms in his time and got quickly blown to that great struggle in the sky, the surprise of his life, I’m sure.
Strong leaders always polarize societies, but they bring balance to the technocrats, the experts, who attempt to rule the world since pretty much the end of World War II.
One thing that expertise does, is the suspension of common sense. There is nobody to say: “guys, you can’t have anything that complicated”.
US healthcare plan is 15,000 pages and I guarantee no one read the whole thing, but boy, the people who wrote the specific chapters, they really knew their stuff.
But the citizens have no idea what’s in there and that’s a direct threat to democracy.
And don’t let me start with EU, where they pump out new legislation at a frantic speed.
There are ways to stop this madness and here is my favorite one – any new legislation comes into effect 10 years after it is voted on and passed.
This would simply increase the quality of law.
In truth, 10 years is nothing in business and social life, the planning and execution span in both is longer than that, so why rush it? I don’t question the good intentions to improve the world, but at that speed the legislators do more harm than good.
“Don’t crash the ambulance”, as Mark Knopfler would say, “whatever you do”.
The covid crisis is a failure of technocracy to do what they’re supposed to do – be competent. It’s a failure that will be in history books for ages.
Also - this is the first event in history when both, the social cycle and the institutional cycle bottom out at the same time. I see this as a tremendous opportunity for the societies to reset. The normal business cycle has been traditionally altered by central banks with interest rate manipulation and open purchases in the bond and stock markets (it used to be that the word “fraud” would describe it, but now I have to use the whole sentence to explain what I mean).
As I said before, when words lose their meaning, people lose their freedoms.
But it seems that the nature is taking care of that, or is it the wisdom of crowds, which is the same thing in my mind, accelerating the great reset.
During the Second World War the world stock indexes bottomed out in the darkest moment, when Hitler was at the peak of his military power. Looking back at the graphs, the markets had it down precisely to a day. Then the tide turned and the stocks started rising as Hitler was losing ground. The mystery of his rise and fall was never properly explained in history books, my opinion. The emotions were too strong to focus on the human factor, plus it’s always the winners who write history.
As an end note: a nonsense from recent days – Christine Lagarde, the president of European Central Bank announced that the bank will get involved in climate change activities (selling “green bonds”).
Mrs. Lagarde can never stop being the entertainment factor.
Can they service my swimming pool too?
Tom Kubiak is the author of The Traveler