Profit making is not dirty provided it is made through competition, hard work, entrepreneurship, in an environment where there is a level playing field for all economic sectors, where the rules of game are applicable to every one, where implementation of policies and regulations take place across board, where taxes and other government dues are paid on time and loans are repaid without any write off.
However, uncoordinated policy actions will only lead to worse outcomes for all.” G-20 Leaders Declaration, Seoul Summit 11–12 November 2010 “We, the Finance Ministers and Central Bank Governors of the G-20, affirm our commitment to take all necessary initiatives in a coordinated way to support financial stability and to foster stronger economic growth in the spirit of cooperation and confidence.” Statement of G-20 Finance Ministers and Central Bank Governors 8 August 2011 Introduction Thank you very much for the invitation to deliver the Distinguished Canadian Address on a contemporary public policy issue.