Saturday, October 11, 2008

Different cultures entirely

A commentator to a Stirling Newberry post at FireDogLake notes this interesting difference between American and Japanese leadership:

Not a single person in government has resigned.

Don’t you find that amazing? The Japanese ministers must marvel at our system of allowing failed leadership to stay onboard.


But then why should any government officials resign? With corporations downsizing all over the place, it's not exactly as if they have jobs waiting for them - yet.

And why should any of the leaders of the failed and failing financial institutes resign? What, without a golden parachute?