Watching the Mayday celebrations shows an increase in xenophobic attacks internationally. In Russia 50% of the population are against any foreign workers in that country. This was done on a day that was supposed to unite workers all over the world.
How will governments respond to this? Do they go back to closed societies and kill globalization or do they try and come to an agreement that suits all countries?
In the past the G7 decided how the world economy should be addressed. Now the G20 is trying to make decisions for the rest of the world. The problem is that the western economies are still trying to hold onto that power, even though it is slipping away from their grasp.
Downturns are important both for businesses and governments and they need to run their course.
It is important for businesses as the strong survive. This is the same in the animal kingdom when there is a drought in the bush.
The down turn helps governments to realise where they are going wrong. Governments need to relook at education, healthcare, climate change and caring for the populace and not themselves.
What is happening is that they are clamping down on businesses, adding more red tape and therefore more costs.
What should happen is that governments should make it easier for businesses to hire staff, allow the unemployed start their own businesses and ensure that businesses are also adhering to the triple bottom line. This triple bottom line red tape in place, the authorities should just enforce it rather than add more red tape.
When this economic down turn changes, will governments regret what they did or will they blame the previous administration.
Xenophobia is created because we as human beings do not care for our neighbours. These neighbours could be next door to us, in the next suburb, city, country or continent. We are one human race that needs to care for each other.
Written by Oresti Patricios
C.E.O.
OrnicoGroup
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