Because they no longer guarantee life and the pursuit of happiness.
I am not talking about you can’t please all the people all of the time.
I am talking about when they come together in the United Nations an out of date organisation with no secure means of funding other than begging. Only when signatory nations are prepared to follow suit with firm domestic policies is a UN aspiration somewhat effective. This never happens on global issues as they are afraid of paying the political price.
On something as fundamental as changing the source of energy which is going to cost trillions. Only governments coming together will there be any effect. They are supposed to be a trustee of the natural resources that citizens depend on for life, liberty and the pursuit of happiness.
In modern society, of course, much of the complexity in our lives is placed there by governments, supposedly acting to “help” us avoid failure or to “protect” us from failure.
Instead they are eroding our liberties by collecting reams of information from your digital footprint. Our societies where you’re free to be whatever you want, feels less and less so each year.
They are selling climate dispensations, flogging off natural resources and revenue earning industries to sovereign wealth funds for short gain profits.
Some failures were obviously. They are failing to adequately address global warming. It seems to me that Politicians seem to think that the Marketplace will take care of it.
More visible recently were the bailing out of high-profile banking institutions which are still considered by the government to be too big to fail without threatening the long-term well-being of consumers and the broader economy.
They have created confusing missions that are not be communicated and embraced, and are were easily undermined by rank corruption and unethical conduct, or are beyond careful monitoring through performance measurement and management. They don’t ‘know’ enough to enable them to make effective decisions about the best way to allocate scarce resources with the top appointees unqualified to lead.
The days are gone when many economists believe in the efficient market hypothesis, which assumes that the market will always contain more information than any individual or government.
The implication is that market prices and market movements should be free from interference because markets cannot be improved upon by individuals or governments. However we all know that the invisible hand of the market place will not bring about the changes necessary.
Which brings us back to the United nations. An organisation so infiltrated by lobbying groups that it is danger onto itself.
The world is in a mess due to greed, and democracy as we know it is under attack from unbridled consumerism and Social Media. We have to accept the reality that markets are not motivated by the priority of care. Nor is it the United nations.
Why don’t we the voters demand better representation?
We must demand that the United Nations pass binding people resolution placing a World Aid Commission on all High Frequency Trading, on all Sovereign Wealth Funds Acquisitions , on all Foreign exchange transaction over $20,000 on all other form of Capitalist Activities that function for profit for profit’s sake.( see previous posts)
This is the only way we can take care of our world make Greed pay for it.