Saturday, November 5, 2011

facing London and Wall street protests reflect a deep anger that no one has been called to account for the financial crisis

The only surprise Saturday occupation of the London Stock Exchange is that it took so long to arrive. Undoubtedly, the pressure on the government and banks had hoped that the final report of the commission last month Vickers draw a line under the banker called hit in the UK. As Basil Fawlty would say, "I fell into the global economy once, but I think I went with it."

Why not go to events? Here's why: there has been no public inquiry into the causes of the accident. No need to hold accountable those who took the boat against the rocks. No claim of public interest in the financial markets. No bank to subordinate the needs of the real economy. No politician dares global finance upside down. There is no challenge to the principles of neoliberal economics has disappeared. No attempt to reverse the hoarding of wealth stunning 1% at the expense of others.

Why should we be surprised that these protests are emerging, and why should we wait until it disappears until these bugs are addressed?

the protest movement that began in World Wall Street chose the right link. The current crisis of public and private debt of unimaginable wealth for some in the middle to lower income and economic insecurity many sources, directly from the financial crisis of 2008 and decades of deregulation and orthodox neoliberal brought us here.

not create new funds for the bankers of the comforter and enrich the rich. Create new funds to create new jobs and new wealth. Directly use quantitative easing to finance the renovation of our facilities, the construction of the new green economy, the eradication of energy poverty, retraining the unemployed and to tackle the climate crisis at a time.

not let people become slaves to creditors at bay. It is time to speak with a massive debt help. Problem in the UK is not really obsessed with the deficit that the Chancellor, but the indebtedness of private households and the tape daunting to expect a generation of young people burdened by tuition fees, rents and housing market is still hard in the realm of the imagination.

not expect the fall of the money drop. Experience shows that, left to their fate, it will flood up. We can start by creating local barter currencies in all cities to help new businesses have lost the use of land, buildings, resources and people. Ultimately, it must be sufficiently large and the dispersion of control over natural resources of the nation, the human and financial capital. We need to restore much of the financial industry to the investment property that has served this nation so well until the scandal break and grab attacks demutualization in the 1990s.
In short, we must reaffirm the public interest. It turns out that, as a guiding principle of the financial system, greed is not good. Financial plutocracy must give way to democracy Financial - banks, as if people Mattered


Find best price for : --Street----Wall--

0 comments:

Blog Archive