This country continues to lie face down and take it like a Vichy whore.
The same way they always do.
Picking your pocket whilst you’re distracted by the latest natural disaster, war, pandemic, or confected government outrage about immigrants, parties, the labour leaders pet cat’s politics.
It almost like it’s a plan that’s worked for a thousand years …
Diversionary tactics. I suspect it wasn’t a coincidence that the MPs expenses stuff was leaked around the time banks were being bailed out. People struggle with large numbers, £2000 for a duck house is easy to get your head around and get angry about, a bank loosing £20,000,000,000 isn’t.
Then of course there was brexit, bankrolled by some rich people with city connections, another diversion “look that immigrant is stealing your money/job”.
Quite a mixed up messy write from the BBC. Various disparate facts connected tenuously. Some good points, some dumb ones.
Bailing out the banks was pretty fucking essential in the UK. Unlike in Iceland where banks were largely doing business overseas in the UK our failing banks were at the heart of our economy. If they’d gone thousands of businesses would have followed them and the cost to the taxpayer in unemployment benefits and lost tax revenue would have been far more than the cost of the bailout.
On the other hand the continual stream of policies that drive up house prices is absurd.
Not sure what either of these have to do with QE though. The economic downturn rather than the bailout costs created the situation that necessitated QE. Relying on QE has allowed the UK to experience less austerity than would otherwise have been necessary. While it has certainly had negative effects too it’s hard to see how we could have acted differently other than by raising taxes/cutting spending, either of which would have depressed an economy struggling in the aftermath of the crash.
It’s simply really. Rich people’s wealth is in assets and properties. Their money makes more money for them. Poor people’s aren’t. It’s not some giant conspiracy. Not even rich person is an evil ghoul.
It’s not just the rich, but the middle classes (apart from doctors) have benefited enormously from this pandemic while the working class and poor have suffered.
And why did it happen? Because the working class lost its political consciousness; or rather it substituted the wisdom of the trade union tradition for the conspiracy thinking of fascism. It had a true friend in Jeremy Corbyn; and it had a once in a lifetime opportunity to get an ally elected.
As many a football pundit has said: You can’t afford to miss chances like that.
They re-elected the Tories. And Tories gonna Tory.
Because this is what capitalism does. It’s *the whole point*. People with money will continue to make more money because the system is designed to funnel wealth upwards into the hands of a priveledged few.
This isn’t the system being broken, it’s the system *working as intended*. Why do you think the rich and powerful fight so hard to prevent *any* change to status quo?
Just read this helpful instruction manual written by none other than the father of Conservative MP and Leader of the House of Commons, Jacob Reese-Mogg:
But politicians only have the best interests of the common man at heart, right?
It’s easy when you design the system, build it, control it and then convince those at the bottom that they will either benefit from it one day in the future. The system is designed to only ever benefit the rich, however a few working class people are able to enter the upper end of the middle class and that gives the illusion to others that they can too. The Richard Bransons and Alan Sugars of the world are great for the ruling class as they act as free PR in that respect.
9 comments
This country continues to lie face down and take it like a Vichy whore.
The same way they always do.
Picking your pocket whilst you’re distracted by the latest natural disaster, war, pandemic, or confected government outrage about immigrants, parties, the labour leaders pet cat’s politics.
It almost like it’s a plan that’s worked for a thousand years …
Diversionary tactics. I suspect it wasn’t a coincidence that the MPs expenses stuff was leaked around the time banks were being bailed out. People struggle with large numbers, £2000 for a duck house is easy to get your head around and get angry about, a bank loosing £20,000,000,000 isn’t.
Then of course there was brexit, bankrolled by some rich people with city connections, another diversion “look that immigrant is stealing your money/job”.
Quite a mixed up messy write from the BBC. Various disparate facts connected tenuously. Some good points, some dumb ones.
Bailing out the banks was pretty fucking essential in the UK. Unlike in Iceland where banks were largely doing business overseas in the UK our failing banks were at the heart of our economy. If they’d gone thousands of businesses would have followed them and the cost to the taxpayer in unemployment benefits and lost tax revenue would have been far more than the cost of the bailout.
On the other hand the continual stream of policies that drive up house prices is absurd.
Not sure what either of these have to do with QE though. The economic downturn rather than the bailout costs created the situation that necessitated QE. Relying on QE has allowed the UK to experience less austerity than would otherwise have been necessary. While it has certainly had negative effects too it’s hard to see how we could have acted differently other than by raising taxes/cutting spending, either of which would have depressed an economy struggling in the aftermath of the crash.
It’s simply really. Rich people’s wealth is in assets and properties. Their money makes more money for them. Poor people’s aren’t. It’s not some giant conspiracy. Not even rich person is an evil ghoul.
It’s not just the rich, but the middle classes (apart from doctors) have benefited enormously from this pandemic while the working class and poor have suffered.
And why did it happen? Because the working class lost its political consciousness; or rather it substituted the wisdom of the trade union tradition for the conspiracy thinking of fascism. It had a true friend in Jeremy Corbyn; and it had a once in a lifetime opportunity to get an ally elected.
As many a football pundit has said: You can’t afford to miss chances like that.
They re-elected the Tories. And Tories gonna Tory.
Because this is what capitalism does. It’s *the whole point*. People with money will continue to make more money because the system is designed to funnel wealth upwards into the hands of a priveledged few.
This isn’t the system being broken, it’s the system *working as intended*. Why do you think the rich and powerful fight so hard to prevent *any* change to status quo?
Just read this helpful instruction manual written by none other than the father of Conservative MP and Leader of the House of Commons, Jacob Reese-Mogg:
> [Blood in the Streets: Investment Profits in a World Gone Mad](https://smile.amazon.co.uk/Blood-Streets-Investment-Profits-World/dp/067162735X)
*”The time to buy is when blood is running in the streets.”*
But politicians only have the best interests of the common man at heart, right?
It’s easy when you design the system, build it, control it and then convince those at the bottom that they will either benefit from it one day in the future. The system is designed to only ever benefit the rich, however a few working class people are able to enter the upper end of the middle class and that gives the illusion to others that they can too. The Richard Bransons and Alan Sugars of the world are great for the ruling class as they act as free PR in that respect.