Author Topic: St Paul's Closes  (Read 592 times)

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Offline AndyHB

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Re: St Paul's Closes
« on: October 24, 2011, 14:25:41 »
The abolition of tax havens, rules to prevent banks awarding bonuses for failure, a clawback from those who have benefited hugely from those bonuses which were wrongly awarded, a reduction in the size of banks so that they can no longer hold whole countries to ransom.   I expect all of these are concrete policies that the protesters would support.
But which would do precious little to improve the problems since they would mostly be retrospective actions.

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It certainly won't while enough people like you keep insisting that there are no concrete proposals for change! 
It's just that during the various anti-capitalist demonstrations during the past 10-12 years, very little has been proposed by the demonstrators, and when it has - the more violent elements of the demonstrators have often attacked the very people having the ideas, since what 'they' want is merely anarchy.

I'm all for banning banks for rewarding failure - I wrote to Gordon Brown and then Alistair Darling several times during the noughties asking them in their respective tenancies of 11 Downing St. to action such legislation, but  nowt came of it.  However, along with these relatively small actions, I happen to believe that the huge personal debt that many people in the UK carry - largely of their own making - also needs to be addressed.  We have far too much of a 'Have it now and pay later' culture.

Finally, a lot of the problem has to do with the global issues - such as the Eurozone debacle and the problems in the US.  Our economy was damaged by Gordon Brown prior to the 2007/8 financial melt-down, and therefore we are having to climb an even steeper hill to recovery that we would otherwise have had.
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