I used to believe that the best person should get the job. Period.
Gender, ethnicity, age, and geography were irrelevant as long as you were the best at the job.
Let me explain:
There's one major problem with that. Who gets to decide who the best person is? That would most likely be the incumbent board members. Who in most cases have been selecting likeminded people for years, and have ended up with a fairly homogenous group of individuals.
Does such a boardroom have exposure to a wide enough range of perspectives to facilitate robust discussions of the issues that arise?
While crises often span borders, the pain is always domestic. At the political level, therefore, the temptation is for a narrow, national policy response that tends to make the playing field uneven - the very opposite of what we should be aspiring to.
When the Great Financial Crisis hit in 2007-09, for example, national approaches prevailed - notably in the form of ad hoc ring-fencing and recapitalisation of domestic banks by governments. Cross-border #Banking receded significantly.
So many people are fixated on the price of #XRP and don't understand why it is not rising. I am going to try and explain what I believe to be true in a way that can be understood by people who know absolutely nothing about finance.
Visualise the economy as a massive car engine, and #XRP as the oil that lubricates the whole system. Taking away all the friction and making sure everything runs smoothly.