Stifling the Truth Is Abuse of Capitalism
Posted by Larry Doyle on October 6, 2011 10:39 AM |
Information is everything.
Access to information combined with fair and open markets are cornerstones of our free market capitalist system. With our economy continuing to lag, I have witnessed an increase in the stifling of the truth.
Without the truth, how can our economy and our markets recover from the fundamentally broken state in which they currently operate?
I am not so naive to think that there have not been forces at work for a protracted period which profit from intentional obfuscation of economic and market related information. I also would never denigrate the many great people in our nation who play by the rules and understand how to navigate the pitfalls and shortcomings within fundamentally broken markets.
However, in the midst of this environment one would have hoped that market regulators, government officials, and the media would have more aggressively pursued the truth in order for our economy and markets to recover. Is it just me or do others also witness a very real sense – if not a concerted effort – to obscure or conceal the truth?
Over the course of the last month, separate individuals have shared a number of examples of blatantly obvious instances in which revealing the truth of shoddy if not illicit activities has been squelched. Are these mere coincidences? I think not.
I firmly believe that there are very real forces at work from both the private and public sector which have little interest in seeing the truth revealed. The cover of “it would not be good for our economy” is wide reaching, but real ‘sense on cents’ maintains that a stifling of the truth is nothing more than an abuse of capitalism.
Is this America? Not the one I desire for my children.
P.S. I feel I owe the readers of Sense on Cents an explanation for my lack of writing over the course of the last month. While I have been busy on a number of professional pursuits, I also find myself thinking that our nation’s economy and the global financial markets are well entrenched in a bed which I have written extensively about over the last three years. I do not want to regurgitate a message which brings nothing new to the table.
I will be writing on a periodic basis going forward. You can rest assured Sense on Cents is not going away. I hope people will utilize the site and its extensive links and resources. I also STRONGLY encourage readers to write with questions and comments on whatever topics you may care to address. I will gladly respond in kind.
The fact is we all face a long uphill climb. As I address in my commentary today, we are now more than ever on our own in terms of pursuing our virtues of real truth, transparency, and integrity.
Stay the course and thanks for your support.