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Date: 2019-07-21 Page is: DBtxt001.php L070-TA-TRANSPARENCY-ACCOUNTABILITY


TVM / MANAGEMENT
TRANSPARENCY & ACCOUNTABILITY
TRANSPARENCY and ACCOUNTABILITY

The need for transparency and the need for accountability have been talking points for a very long time. To the extent that this idea has been talked about quite a lot in recent years does not mean that transparency and accountability has become of much use. It is time to rethink how to make transparency and accountability effective.

TRANSPARENCY

The importance of transparency has been apparent for years ... as many as 40 years .., maybe a lot longer.

The general public are completely unaware of how little they ever get to know. The main flows of information are driven by a very efficient corporate PR system and advertising which has the singular goal of giving incentive to people to consume the products and services they are promoting. Almost everything the general public gets to know about the world we live in is served up to us via some corporate communication. Everything about the corporate world is 'self reported' by the corporate world ... and it is the corporate world that runs almost everything in the economy of the world. This is an unsatisfactory state of affaris and needs to be changed.

ACCOUNTABILITY

The importance of accountability might well be greater than transparency.

Sadly ... accountabilty is almost completely absent from the modern world. In countries like the USA, there is a lot of talk about 'rule of law' but rule of law does not translate very well into accountability.

There was also the wonderful idea embedded in the U.S. Constitution that the media would serve to hold powerful people accountable, but that idea has never worked very well in practice. In the modern world where news has a half life of a few hours and the news cycle is continuous, it does not worlk at all well and the media has little ability to hold people accountable. Important stories do not last but are replaced by new stories in a matter of hours.

While the news cycle is incredibly fast, the legal processes to enforce accountability are very convoluted and slow, making a mockery of the idea that 'Justice delayed is justice denied.'

RADICAL ACCOUNTABILITY

Modern information technology and computer science is being applied in all sorts of ways in the modern economy, and it is possible to deploy it in ways that will enable radical accountability.

A very large part of the information that flows through the modern economy is in the control of the business world, and they choose how all of the data are going to be used. These data flows have become important sources of economic revenue for tech. businesses that run 'platforms'.

It is possible to build a different sort of platform using similar technology, but in this case building data that describe the actor in the socio-enviro-economic system from a variety of other perspectives.

How TVM might help make transparency and accountability more effective

A first step is to have an easy way of describing the state and the performance of all the actors and the objects that make up the modern socio-enviro-economic system.
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About Transparency International (TI)
TPB Note
Transparency International (TI) was founded in the late 1980s and has been successful in enabling a conversation about corruption ... but the level of corruption has remained incredibly high. Why is this? In my view the main reason is that TI has never understood the vital importance of accounting as a precurser to transparency and accountability. Corporate behavior changed significantly when the auditing profession was institutionalized in the late 19th century, but in the modern economic world a huge proportion of the economy operates in the shadows. There are many beneficiaries of this quagmire of corruption including 'reputable' banks, corporate organizations and investors who choose to look the other way and not see what really is in plain sight.
Transparency International
More resources relating to Transparency International
Open L0500-TI



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