Freethinkeruk’s Weblog

UK Political weblog

Archive for the tag “bankers”

Choices

Let’s face it this country is in a mess! It’s like a ship in a raging storm heading towards rocks and the captain shouts “Hold this course!” His Lieutenant who hopes one day to become captain shouts “Hold this course but slow down a bit.” The little cabin boy can see the rocks but feeling helpless crawls into  his hammock and puts his hands over his eyes and cotton wool in his ears, holding on to a blind trust in the madness of the officers because to do otherwise would require him to DO something.

The UK, along with other Western nations, owes money, a lot of money and so it was rightly decided to reduce this debt and this is where our witless leadership went wrong. They had no one with vision or moral integrity and so they set about taking money from those who had little, those without, they believe, power, attacking the sick, the pensioners, students, the lower paid workers who actually produce the wealth that makes us the 6th richest nation on Earth. They chose not to rein in the bankers and financial directors, they chose not to go after those who avoid paying their proper share of taxation amounting to tens of billions each year because they themselves belong to, or aspire to belong, to that elite band. They chose not to save up to £200billion by cancelling the Trident nuclear weapon system which will never be used and deters no one simply because this would deprive them of a seat at the top table of the United Nations. Instead of strutting they may have to walk like the rest of humankind.

They chose not to invest in a massive social housing programme that is desperately needed for millions of our citizens and would create and safeguard hundreds of thousands of jobs. In it’s wake this would generate spending power for the workers thus creating more employment and in addition, tax revenues. A bi product would also be a likely reduction in ever increasing housing rental costs which (some) greedy landlords are reaping in such places as London where tenants are now to be evicted because of government cuts to housing benefit. Instead they chose borrowing even more to fund rapidly increasing unemployment which is a tried and tested method of keeping wage increases to a minimum. Not such a surprising choice either when many of those currently in power like Chris Grayling, are indeed wealthy property owners.

We too though have choices. Even in this poor democracy of ours we do not have to be like the cabin boy; the power ‘they’ hold is in reality, our power that we lend to them. They stick together but they are only a few, we are millions and if only we can stick together and demand a new way, a new vision, then we can take back our power and steer our ship away from the rocks, into calmer waters of fairness, justice, democracy, co-operation and peace.

But have we the guts?

Advertisements

Robin Hood Tax

So simple, together we could make it happen. Oh and ignore the 6,000 odd votes against as most were generated automatically by Goldman Sachs the greedy bankers. Robin Hood Tax.

Taking a break

Freethinker has got very depressed of late so is taking a break from the attacks on our feeble democracy, from the devious royals, the wars and bankers et al.

Although my hopes for a better World are fading, I’ve not given up, just having a rest.

Here We Go Again!

The housing market is on the move again of that there is little doubt and of course along with it the cost of buying a home is rising albeit slowly at the present time. The highest level of unemployment in my region stands at 6% which of course is not much fun for those without work but it does mean that 94% have jobs. Car production is rising once more and bankers bonus payouts are still obscene.

All this does not mean that the recession is over but points to it at least bottoming out. The massive bill to stave off the worst of the global economy crash will still have to be paid over the next couple of decades and will have some negative impact on most of us. Most of us being the ones who played no part in the disgraceful financial gambling of the past ten to twenty years although most of us were a part of the rampant consumerism that gripped the developed world.

A few minor inconveniences have been put in place to curb some of the excesses of the financial traders but by and large as the recovery gets under way it will be business as usual and so setting us up for a repeat performance in another decade or so down the line. Bankers will be making fortunes out of the future labour of ordinary people not even born yet, houses will be purchased as investments and not as homes to live in, industry will again expand and add to the climatic pollution that is already out of control.

This global catastrophe presented the World and I suggest, the UK in particular, with a golden opportunity for change. That chance has already been squandered and we are doomed to repeat the mistakes of the past and the next time may not contain within it opportunity for change.

Who’s To Blame

The system under which we live, Capitalism, may not be at all desirable for many of us but it is the system at present and so there is no alternative but to deal with the problems as they arise. The Government has, I believe, acted responsibly and decisively over the past few weeks in dealing with this financial crisis and was faced with little room for manouver.

The bankers and dealers and short term profit makers have rightly come in for huge critisism and public condemnation. However, we should not apportion all the blame to them. People taking out mortgages bigger than they could realistically pay are to blame, people who self certified over inflated salary’s to get a mortgage are to blame, people who took out multiple credit cards and ran up debts they couldn’t in the end pay, are to blame, people using the expected future equity in their homes to buy another home to rent out, are to blame. Spending bonus’s on luxury items and exotic holidays instead of putting it by for the rainy day that just had to come sometime, are to blame.

In short, you, me and most of us, are to blame and we should remember that, not just now but in the future when this crisis is finally over.

Post Navigation