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Political, Economic, Moral And Cultural Systems Should Be Seriously

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  • Political, Economic, Moral And Cultural Systems Should Be Seriously

    POLITICAL, ECONOMIC, MORAL AND CULTURAL SYSTEMS SHOULD BE SERIOUSLY RECONSIDERED, RUBEN VARDANYAN THINKS

    Mediamax
    Aug 31 2011
    Armenia

    Yerevan/Mediamax/. Chairman of the Board of "Troyka Dialogue" Ruben
    Vardanyan thinks that the value system and evaluation of assets within
    the world economy are being transformed.

    "We should admit that formal and non-formal systems of checks and
    balances operating today have got out of balance. Today, all the
    systems, political, economic, moral and cultural, should be seriously
    revised. In the developed Western countries an individual's personal
    right of determining his actions prevails over the public opinion. The
    only mechanism left in the world which works (not always, though)
    is legal rules and laws. They should also be seriously reconsidered",
    said Ruben Vardanyan in the interview published today in "Kommersant"
    newspaper.

    "There are two scenarios: the first one is the crisis acceleration
    in current systems. Everybody starts to understand that crisis calls
    for changes. It's a time for making decisions, painful and sometimes
    very hard ones, entailing cataclysms for today's elite. The second
    scenario is to cut off the disease avoiding tough decisions. That's
    what has happened over the recent 20 years in Japan. The problem is
    rooted in the society rather than in the economy there: the Japanese
    are undergoing conflict between the internal reality of the country and
    values of former generations which have been built up over millennia",
    said the head of "Troyka Dialogue".

    Ruben Vardanyan noted that "globalization has already cost very
    expensive".

    "At the same time, no matter what is spoken, America and Western
    Europe are still dominating though the situation is rapidly changing.

    It is indisputable that everything may change provoking a formation of
    a new financial system. Again we may exchange a kilogram of salt for
    a kilogram of sugar, then for wheat or concrete. Gold may even become
    the new currency. That's not important. A new means of calculations
    will be created and the old currencies will rapidly depreciate",
    said Ruben Vardanyan.

    He also stressed that the number of the tools applied for regulating
    the economy is limited.

    "Those who can print a lot of money print how much they can. Those
    who are able to throw the debts on the future generation are busy
    doing that. Those who cannot do anything are trying to borrow from
    others. There is an actual price for the goods of first priority
    and there is a price for raw material, production and services. The
    value system and evaluation of assets are being transformed now. Why
    do we think that the financial world should remain the same whereas
    the technological world has dramatically changed over the 20 years?

    Everything is interrelated. We are going to face a change of the world
    system. The thing is which dominants will be accepted in that system,
    including the quantity of money. When I started my business there
    were rare billionaires in the world and now this status is being
    endlessly devaluated", said the head of "Troyka Dialogue".

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