LIBOR - Does the Jungle Need a New Law ?

Wolf (Photo credit: Buridans Esel)

From The Law of the Jungle

Now this is the Law of the Jungle -- as old and as true as the sky;

And the Wolf that shall keep it may prosper, 

but the Wolf that shall break it must die.

As the creeper that girdles the tree-trunk the Law runneth forward and back -

For the strength of the Pack is the Wolf,
and the strength of the Wolf is the Pack.

...Rudyard Kipling

It seems, the order of things is being eroded, by our bankers and politicians...

Clearly, the commercial well-being of society cannot exceed our individual endeavours when summed and the strength of each individual is inherently dependent on society (no man is an island).

So to prosper, is not to be rich, but to succeed, in harnessing resources to serve the needs of "the pack" effectively.

If we as a "Pack" elect leadership from amongst ourselves, to deploy their skills and energies as best they can to manage the economy, to set priority for resource and investment, then, just as we lift them up, we must hold onto the ultimate sanction as they fall from grace.

To say that "the Wolf that shall break it must die" sounds extreme, but social death is available. Whether it is imprisonment, stripping of assets, or a few stripes in public that is appropriate is not for any one individual to judge.

 (Photo credit: Perosha)

However, the public have judged the banks and the politicians (at least in their anonymous forms).  And if the media persist in lifting up wrong-doers and putting them in as chat show hosts or news anchor men, they too will have their come uppance. The gnashing of teeth is beginning to be heard, we can reform society or it will again burn

The Jungle does not need a new Law -

 but the Law of the Jungle needs Teeth !