Qualitative Easing

Still looking at the resource based economy, we could be in danger of losing the 'slingshot' effect afforded by the global financial crisis if the bankers remain blind to the technological imperative. I am reminded of the time when Rolls Royce, Britain's most prestigious company had to be rescued in 1971 first by the government and then by the American customer for its aero engines, Lockheed. The root of the problem was the lack of a common language and understanding between bankers and technologists, accountants and engineers, though reading the history as seen by conventional journalism does not reveal this - http://www.channel4.com/4car/ft/feature/retrospective/6155/1#article

Quantitative Easing, the correct tactic when huge volumes of wealth prove to be virtual rather than backed by essential maintainable assets disappear from the balance sheet, must now be adapted to a new refinement: Qualitative Easing. Qualitative Easing requires decision making by banking executives who understand more than money, and technocrats who understand more than energy. It requires a common language that can then be shared with politicians who, since we refuse even the most benevolent of dictatorships, must sell it to the public.

We saw some agreement at the height of the global banking crisis that crossed international boundaries. Now, with economies recovering at asymmetric speeds at the superficial level, there may well be a reversion to sauve-qui-peut. It is vital that the real problems are faced, that political and economic opportunism are abandoned until the new global economy, compatible with theoretical survival and a control of the environment, is established as a fledgling.