On The "Strong" Anglo-American Economic System
- By Professor Prabhu Guptara
- Published 06/19/2008
Professor Prabhu Guptara
Professor Prabhu Guptara is Executive Director, Organisational Development, Wolfsberg (a subsidiary of UBS - one of the largest banks in the world). He is also Freeman of the City of London and of the Worshipful Company of Information Technologists, and Chartered Fellow of the of the Chartered Institute of Personnel and Development; he is also Fellow: of the Institute of Directors, of the Royal Commonwealth Society, and of the Royal Society for the Encouragement of the Arts Commerce and Manufactures; and he continues to supervise PhD research at the University of Fribourg (Switzerland) as well as to be Visiting Professor at various Universities and Business Schools around the world.
Earlier roles include: a Governor of the Polytechnic of Central London, Member of the Council of the British Institute of Management, of the International Federation of Training & Development Organisations (IFTDO), of the Association for Management Education and Development (UK), of the South East Regional Council of the Confederation of British Industry.
Judge, 1988 National Training Awards, 1980 Commonwealth Poetry Prize, 1990 & 1991 Deo Gloria Prize for Fiction; Chair of the Panel of Judges, Deo Gloria Prize 1992 & 1993.
Experience with an enormous range of organisations including: Akzo Nobel (Netherlands), the Associated Banks Institute (Germany), Barclays Bank (UK), British Petroleum (UK), the Council of Europe, Cultor (Finland), Deutsche Bank (Germany), Groupe Bull (France), Federation of Finnish Engineers (Finland), the International Management Association of Japan, Kemira (Finland), Kraft Jakob Suchard (Switzerland), Leadership Academy (Finland), Nokia Telecommunications (Finland), Novo Nordisk (Denmark), Sedgwick International Insurance and Reinsurance Brokers (UK), Singapore Institute of Management, Sonatrach (Algeria), Sun Alliance (UK), UNCTAD, Valeo (France), and so on.
Organiser, chair and lecturer by invitation for numerous international conferences, he has contributed widely to radio and television in the UK and other countries (The Money Program, Any Questions) and has written for Financial Times (London, UK), The Guardian, The Times and other publications; articles, for example, in The Gower Handbook of Management, The Gower Handbook of Quality, and the International Encyclopedia of Business & Management (Routledge).
A CD-ROM has been issued of his lecture at the Professorenforum, University of Zurich, titled "Making the World Better - Why it does NOT happen...and what TO DO about it"
Further information available from firstname.lastname@example.org
His best-known research publication is "Top Executives in the Global 100 Companies and their IT-Competence" (ADVANCE: Management Training Ltd., UK, and Wolfsberg Executive Development Centre, Switzerland, 1998); and he is included in Debrett's People of Today and in Who's Who in the World. Professor Prabhu Guptara lives in Switzerland.
A family friend who is Indo-American has just published a very short piece reflecting on the "strength" of Anglo-American economic system.
He says: "Time and again I see articles in Business magazines that financial systems in Asian Countries are not well organized and we need to make them strong as American and Western Financial System. Work made me live in Asia, Middle East, Europe and America and I really wonder sometimes as to what is a Strong Financial System. What kind of strong American Financial systems do we want to impose on Asian Countries?
- One which leads to sub prime crisis and foreclosures creating havoc for the housing market.
- System where the Americas savings rate is in negative percentage.
- Strong Financial markets where stock crashes from 150 Dollars to 5 Dollar leaving old people’s pension vanishing overnight.
- Strong System where the Govt. is in Trillion Dollars Debts.
- One where even essential commodities are not regulated by Govt. and oil companies can make a profit of 40 Billion while public has to buy gas on credit cards.
- Strong Credit System where every stage of an adult person is dependent on credit - From 18 to 80 years living on debt (Student loan at 18 years to Reverse Mortgage at 80 years).
- Where Majority of large corporations pay no income tax.
- Rich farmers get millions in livestock compensation while teacher’s compensation is at $30,000 dollar a year for their hard work.
- Basketball stadiums are being built with millions of dollars and schools are being closed for lack of funds.
- Minimum wage has not risen in the last 10 years while cost of living has increased three to five times.
- World’s richest country – with limited resources ever for healthcare.
What kind of strong financial system is this?"