Two pictures. Two
stories. Who says the occupy protests
are vagabonds with no discernable objective?
A media centre and legal advice amid the tents and canteens indicate a
modicum of organisation. They have a
message. Clearly stated in the only
banner of any size right in front of the grand columned portico and entrance to
an important shrine to tolerance and charity.
Huh, how come there aren’t a lot
of competing and confusing messages?
These are anarchists aren’t they?
I accept that maybe many are acting on pure instinct. They know something is wrong but don’t know
exactly what. Arab springish sort of
thing. Sure some of it is social. Looked like a lot of fun to me.
Whatever the discomfort and
confusion…here is one lucid quote…
“Why is the Bank of England
spending billions buying bad assets from banks so that bankers can decide which
businesses and individual to support through loans whereas if the government
distributed those billions to individuals through entitlements and socially
positive programmes such as education or recreation, the people could then
spend the money and thereby decide what businesses to support. Bankers would then have a better handle on
what businesses are likely to be a good bet to repay credit and those which are
not.”
Many years ago, well not so many,
early 90s, the government of the day privatised a savings bank called TSB. They raised several billion. The privatised TSB bought an investment bank
called Hill Samuel and gave them more than a billion to loan to
businesses. Many bankers and
businessmen got rich. Almost none of
the money was ever paid back. I know
something of bankers and trust them very little.
I believe social upheaval is good
for people and good for the economy.
Chaos and reorganisation creates opportunity, repression and the status
quo limit it.
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