All this talk of hitting bankers' bonuses is just hogwash. It makes people think that somebody is being made to pay for the real mess and pain that is coming our way. So the bankers are whinging about their £1.5 million bonus being cut to a mere £750,000 each, (gee, how unfair, how will they ever manage) and we are supposed to think that they are hurting?? They will be laughing and in clover for the rest of their lives while you and I face savage cuts to all social services, wage freezes/cuts plus high unemployment. Do we need the bankers and their dodgy dealings, ripping off all and sundry? Forget the bankers and their bonuses, it is the system that has to be destroyed, don't expect the corporate world or the financial institutions to be altruistic, ethical or even honest, that would be bad for their businesses. We need a fairer, more humane and just system that sees to the needs of all our people, not one that tends to the needs of a bunch of greedy parasites. We can create a social system based on mutual aid, voluntary co-operation and sustainability, a system freed from the corporate greed and profit motive of this system of sweaty palmed money crazy shareholders.
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I am perplexed at the government's approach to the bankers. The banks were technically bankrupt, most of these bankers are second rate and would all have lost their jobs without our money to stop their banks going bankrupt. Anyone can make a "profit" by declaring money that they have not actually received on the company's books but a day of reckoning will come and it did come. The bankers paid themselves vast amounts for false "profits" and we are now just letting them continue. Why?? See Bankers Bonuses for some thoughts on how to deal with bankers and bonuses.
ReplyDeleteBanking underpins the system of capitalism, so the minders of the the system, the state, will not let it collapse. They can shut down coal mines, shipyards, car industries and let the education system and social services collapse but not the foundation of the system, the banks. They will get what it takes to get them back into their usual state of an abundance of money.
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