Entire Risk and Research

POLICY RISK
Personally, i think that there is no such thing as policy risk but policy makers risk. What we term today as policy risk is an out not the driver.The driver is the maker(s).

Any policy inconsistancy must be owned the the makers and must be measured to that.There is no such thing as policy failure or inconstancy but policy maker(s) failure. I think it's high time we stop blaming those documents and instruments, they know nothing at all and shift all the responsibility to those who sit around the tables proclaiming that which doesn't work just because they are in a position of authority.

Policy failure or inconstances must be taken to courts and have a living liability to the makers.That way we can try and minimize the losses that come with these frivolous statements framed as policies that only come to bring harm and mayhem to otherwise healthy run organisations.

So organisations out there,when analysing policy "risk" as it is usually termed, scrutinise the makers more.That way, the actual risk will be exposed as well as it's actual treatment.

To my learned colleagues around the world, I think it's high time we craft something like the policy failure or inconstancy laws the same way laws are existing in the medical profession wherein doctors are held liable for wrong medication, procedures and the like, for an organisation is a living and independent entity that should enjoy the right of life.

Happy independence Zimbabwe.

FRM guru.

Consumerism and the Capital economy ( drivers of climate change)

The last few decades have seen an almost exponential increase in consumption as an indicator of being wealth. This is leading to wasteful living styles largely financed by ballooning household debts.

The world has seen radical changes in the way people eat, drink, work, travel,wash,play and rest all under the mythical assumption that the resources eg water and energy these activities depend on are limitless,cheap and their usage is free from any serious retribution from mother nature.

This has seen an ever increasing ecological impact of all those who have bought and haven't bought into consumer capitalism- climate change, with the later being disproportionately affected.

A check is needed now more that ever before the human race is relagated to extinction.