Havel warns young managers of confusing economics with accounting
PRAGUE, Feb 22 (CTK) - Former Czech president Vaclav Havel today told participants of the SEYS 2006 elite youth summit that perspective young managers should refrain from confusing economics with accounting. Havel explained his views on economic growth in a globalised world during his presentation. The SEYS 2006 conference began in Prague on Monday.
"The are incalculable profits that cannot be tracked by even the best accounting system and there are also many losses that cannot be tracked, either," stated Havel. Unfortunately, in today's globalised world, indirect longterm profits, which are not accessible to accounting, are marginalised or even ridiculed, he added. The effort to mine as much coal from north Bohemia as possible or to build cheap roofs that then collapse beneath the weight of snow are examples of cases when a desire for quick profits overshadows longterm values, reckons Havel.
"Has anyone ever heard of a roof of an old chateau or church collapsing?" asked Havel. "The roofs of these fraudulent temples of consumerism, based precisely on calculable profits," are the ones most likely to collapse, he suggested.
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