"Oh the banks are made of marble with a guard on every door.
And the vaults are stuffed with silver that the workers sweated for" - American union song - (Les Rice)
“What is the robbing of a bank compared to the founding of a bank" (Bertold Brecht)
Brecht in his own inimitable way asks who is the most dishonest, the bank robber or the bank owner. Recent and ongoing events make the answer a little bit more complicated for those who stand four square behind the capitalist system. Overnight the most massive socialist decision in history, that to nationalise huge capitalist banks, building societies and finance houses has been made by one of the most right wing presidents of the world’s most staunchly capitalist country. Take a bow George Dubbya Bush and the U.S.A. your humiliation is complete.
Bush, Cheney and Rice etc. have jumped ahead of Marx and Engels and Lenin as heroes of the socialist cause. No matter how this is spun there will be no way out for the free marketeers, the loony camp followers of mad old Milton Friedman and his laissez-faire nonsense are spinning with confusion and the sense that their life’s philosophy lies in tatters, you will not be surprised to learn that I have no sympathy for them.
In their “devil take the hindmost” world, the “devil” has just caught them up and taken an almighty bite out of their a***s, those who say ‘greed is good’ and no one matters except yourself are now grovelling and begging for help from the very society which they exploited so ruthlessly. I say to them, the market is all powerful, the market will sort everything, right ? aye right, as my mother used to say when you got caught out “hell mend ye”
Bush of course who can’t walk and chew gum at the same time has no idea what is going on and continues to read out statements written by even bigger crooks than him, consider the following, Ford, Quale, Reagan, Bush and now McCain and the ludicrous Palin and ask yourself how do these people get to a position of great power ? The answer is that they are put there to represent the interests of the corporate crooks and gangsters who are now being exposed by the current financial crisis, these people though will walk away rich, when they should be walking through prison gates, that’s the poison of capitalism.
The Govt’s of America and Britain now have to clean up the mess using their own people's money, this is an example of a phrase much loved by capitalists “too big to fail” or "if you are going to borrow, borrow so much that your lender can’t afford to see you go under and get locked up" It’s corruption on a grand scale and sadly we have been here before, will we learn this time ?
Unfortunately this is not the end of capitalism but it still represents an opportunity for the left. We must make sure that the future is better and that means much more regulation to prevent dishonest con artists thriving. I.M.O. the man without a shadow of a doubt to lead that is Gordon Brown, it’s not for nothing that he finds himself vilified by the right wing press and, in a disgraceful personal way. They fear him do these people, those responsible for this chaos, job losses, mortgage failures etc.
The thing they fear most is a Labour Party which is free of past New Labour timidity led by a liberated Prime Minister who now has the chance to let people see what Labour and he stand for.
Whatever happens now, we know that free range capitalism released by Thatcher and Reagan does not work, they caused this by deregulating the banks and financial systems. We now know without fear of contradiction that the market does not have the answer and we must not go back to that idea, at this time I am grabbed by mixed emotions, sympathy for those ordinary people who are damaged by this, utter contempt for the greedy capitalist bastards who are responsible and, sheer frustration that we can’t round these people up and throw them in jail, still, maybe in the future eh ?