Now to fix the problem of PSBs, one can have two approaches

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Now to fix the problem of PSBs, one can have two approaches

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hermes belt replica aaa Sadly, this too turned out to be correct.What is the government missing? The answers may lie in two different hermes replica blanket approaches, separated by 700 years: One, a best selling title of 2014, Just One Thing, by Gary Keller and Jay Papasan, and two, a medieval philosophical idea called Occam’s Razor.The book proposes that you can dramatically improve the outcome of your time, money, and effort by asking a simple question on hermes replica belt every issue and every timeframe: What is the one I can do such that by doing it, everything will be easier or unnecessary?This question can lead you to answer not only ‘big picture’ questions (Where am I going? What target should I aim for?), but also ‘small focus’ ones as well (What must I do right now to be on the path to getting the big picture? Where’s the bull’s eye?).If the policymakers were to apply this in the case of PSBs, they would ask themselves, ‘What is the one thing we need to do with PSBs, so that everything else (such as reducing bad loans, improving efficiency, and preventing scams) becomes easier or unnecessary?’ We will come to the answer in a minute, but let’s first see how Occam Razor helps us.As some of you know, Occam’s Razor, or the ‘law of parsimony’, is a problem solving approach attributed to William of Ockham (1287 an English philosopher.It suggests that when choosing from an array of answers Hermes Handbags Replica to a problem, choose the one that has the fewest assumptions.Now to fix the problem of PSBs, one can have two approaches.One, keep the ownership and control the same and expect changes in systems and top level staff to deliver a clean, efficient organisation. This involves too many assumptions.Two, change the ownership and pass on the responsibility to the new owners to fix the problems and face the consequences.This involves no assumption at all because this is not a set of solutions to intractable problems. It is getting rid of the problem altogether!In other words, to get back to the suggestion of the book, ‘the one thing the government needs to do (to) fix the problem of PSBs by doing which, everything will be easier or unnecessary, is change the ownership’.The fact remains that all corruption and inefficiency of cases like in PNB and bad loans in banks flow solely from government ownership.There is less inefficiency and corruption in private banks because there is inherent accountability hermes belt replica aaa.


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