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Do laws grind the poor, and rich men rule the law?
We do not seem to be able to work the system according to the Rule of Law which posits three things: (1) that everyone is deemed equal before the law; (2) that the law is applied in its generality; and, (3) that the law is applied neutrally. How much longer can the government look the other way when a huge political and social problem is posing a serious threat?
Good people do not need laws to tell them to act responsibly while bad people will find a way around the laws.
Why do some people have such scant regard for the laws which they are actually entrusted to enforce?
Is there something wrong with the law, particularly in the manner in which we regulate our system?
It is always dispiriting to find out whenever this fundamental principle of the rule of law is disregarded by the influential, rich, well-connected and the powerful with impunity. There just cannot be one law for the rich and connected, and another for the poor and unconnected. Everyone is entitled to be treated equally in his dealings with the public authorities. “A law is made with the express intent to help people in getting justice through a legal system, thereby aiming to achieve the ‘greatest happiness of the greatest number’. But very often the law fails to serve this purpose. The innocent, simple, illiterate and the poor cannot access legal procedure because it is highly expensive, complicated and time-consuming to them. However, winning in any sphere requires guts, courage and perseverance.
The long-suffering public expect nothing more of their officials than that they should carry out their duties efficiently and ethically. This naturally raises the question: "What is the public entitled to expect from the regulators?
If the regulators is corrupt, colour-coded or not, and lacks self-worth, then no matter how good the systems and procedures are on paper, ethics will inevitably be put on the backburner and it will then be a devil of a job to create an ethical work environment. Give serious consideration to closing windows of opportunity for corruption. This can best be done, firstly, by listening to what the public are saying about its service delivery, the integrity of its officers, the quality and effectiveness of the enforcement of its own by-laws, rules and regulations, and acting upon their comments., by reviewing existing systems and procedures with a view to plugging loopholes waiting to be exploited by the corrupt. I doubt whether that idea can be translated into reality unless we have the political will at the highest levels to do so. The current view is that appointments are treated as "jobs for the boys."
Somewhere along the line, there must be a role for professionals. We talk about business ethics. We talk about transparency and accountability. We speak of good governance. None of these is possible without a solid base of values.
Take care and all the best!
Happy trading
We do not seem to be able to work the system according to the Rule of Law which posits three things: (1) that everyone is deemed equal before the law; (2) that the law is applied in its generality; and, (3) that the law is applied neutrally. How much longer can the government look the other way when a huge political and social problem is posing a serious threat?
Good people do not need laws to tell them to act responsibly while bad people will find a way around the laws.
Why do some people have such scant regard for the laws which they are actually entrusted to enforce?
Is there something wrong with the law, particularly in the manner in which we regulate our system?
It is always dispiriting to find out whenever this fundamental principle of the rule of law is disregarded by the influential, rich, well-connected and the powerful with impunity. There just cannot be one law for the rich and connected, and another for the poor and unconnected. Everyone is entitled to be treated equally in his dealings with the public authorities. “A law is made with the express intent to help people in getting justice through a legal system, thereby aiming to achieve the ‘greatest happiness of the greatest number’. But very often the law fails to serve this purpose. The innocent, simple, illiterate and the poor cannot access legal procedure because it is highly expensive, complicated and time-consuming to them. However, winning in any sphere requires guts, courage and perseverance.
The long-suffering public expect nothing more of their officials than that they should carry out their duties efficiently and ethically. This naturally raises the question: "What is the public entitled to expect from the regulators?
If the regulators is corrupt, colour-coded or not, and lacks self-worth, then no matter how good the systems and procedures are on paper, ethics will inevitably be put on the backburner and it will then be a devil of a job to create an ethical work environment. Give serious consideration to closing windows of opportunity for corruption. This can best be done, firstly, by listening to what the public are saying about its service delivery, the integrity of its officers, the quality and effectiveness of the enforcement of its own by-laws, rules and regulations, and acting upon their comments., by reviewing existing systems and procedures with a view to plugging loopholes waiting to be exploited by the corrupt. I doubt whether that idea can be translated into reality unless we have the political will at the highest levels to do so. The current view is that appointments are treated as "jobs for the boys."
Somewhere along the line, there must be a role for professionals. We talk about business ethics. We talk about transparency and accountability. We speak of good governance. None of these is possible without a solid base of values.
Take care and all the best!
Happy trading
