Jun 20

Will it make it easier on you now
You got someone to blame
U2 One

It’s said by some that Socialists eventually run out of other people’s money. With neo Liberalism it’s might be people to blame – if that is possible.

Its central construct is that all taxes and debts are the responsibility of taxpayers. The problem with this construct is it requires low interest rates to support the resulting debt mountain caused by transferring assets/subsidies to and inflating assets of the wealthy and debt to the populace. It requires Govt to cut back everything else to take on more debt from companies.

Thus with no solution since taxing the wealthy and rentier incomes not wage earners would be as anathema as it would be good Capitalism we have to blame someone and subject them to below normal standards of humanity, as after all it is their fault. Hence the unemployed who receive £2.4 Bn in Job Seekers Allowance are targeted when RBS gets that every year just in direct subsidy. There is talk of the health service not treating people who [over] consume legal products like cigarettes and foods designed to make you over eat.

In Europe the Greeks are targeted because after being imposed an unworkable deal, as the sane members of the IMF accept and the insane Lagarde does not, their economy is tanking. Europe seems to want them on a drip feed so they can never grow. This will of course involve selling off their assets cheap to the Wealthy and turning public services into a stream of income for German pension funds. Now because their debt has been nationalised by ECB and EU Govts they are subject to the political whims of economic illiterates who get elected pimping people to blame! For all the talk of Game Theory by Greece the only people using Game Theory here are the neo Liberals.

After the Greeks it will be Italy and Spain. Maybe the worry is if Greece gets a sustainable path they will want one too not one that ultimately leads to subjugation. Equally it could be any perceived positive for Greece will lead to the election of Govt’s less committed to blaming their own people and delivering the anodyne world for the majority that Christine Lagarde, Bill Clinton, Barack Obama, Gordon Brown and Tony Blair see as so desirable. The end result will be poverty the norm but if you join voluntary work camps you’ll get a bowl of rice after all your poverty is your fault. Conservatives go along with this nonsense too I think partly because it is veiled in the language of The Market and involves hating on the poor but also because for all the bluster and fibs they love to run all powerful States too.

Of course as said the neo Liberal world will be all about equality and as long as you’re not poor or a woman you’ll be OK or enough of you to vote correctly any rates.

written by reaction \\ tags: , , , , , , , , ,

Jan 31

Today I’ll stick to their Economics. This is very simple but is the policy of almost every Western country and is the kind of idiocy imposed on the Greek people.

The key tenets are:-

Subsidise & Nationalise Debt:- If the Banks or large corporates get in trouble they are not nationalised only their debt. Also guaranteeing loans and deposits as a massive form of hidden subsidy – tax breaks too.

Monetize Everything:- Privatise or use devices like PFI (UK) to turn Govt services into a stream of rentier income. Paying Financiers considerably more than Govt debt costs would seem insane but it’s the policy of Labour, Tory, Kippers and Liberals.

These policies are obviously unsustainable and defy left right comparisons. They are pro Capitalists in the sense of being pro certain Capitalists but not by use of Capitalism. It is consistent with running society for the wishes of a few rich people and stifling creativity. It’s trying to freeze the world in 1999 if that reminds you of anything!

written by reaction \\ tags: , , , , , ,