Bringing run-away finance under control

David Miliband has proposed a system under which Bankers can be struck off a register the same as doctors can. This would impose the setting up of a professionally controlled banker’s body similar to the BMI, British Medical Association that governs doctors in the UK. Who would be in charge of bankers? Well of course the Bank of England is the most likely candidate, as it practises finance with a considerable interest stake in it, similar to the British Medical Association practises Medicine in the UK.

hopefully we won’t see the setting up of yet another body that will cost even more money again. People get tired of just paying taxed for elected professionals who do not know what they are doing and constantly make repairs to faulty legislature.

What is at the heart of reckless spending is the Business law or Company law that allows company directors practically nil responsibility but high wages. That is the focus point of the high spending and not professional misdemeanour of bankers in my view.

Bankers only work with other primary legislation and only moral considerations stops them from carrying out their sometimes evil deeds.

Yet this whole problem scratches at the principles of Capitalism and the free market economy. Whereby the big incentive to promote the economy is the fat cat salary and the bonuses thereafter, the big pensions and the share dividends.

No top politicians in office today really want to see any major changes because this system pays them very well. Of course they try to restrain themselves and slap themselves and each other on the wrist by conducting financial witch-hunts of MPS and other representatives with creative accounting methods that proof lucrative for them, but that is about it. What people seem to not understand is the fact that within the current system you cannot stray from the rules, you can only change the system completely to achieve change.

Our current system, also called democracy is built from capitalistic finance, fiscal stimulation and public administration, all of which rely on the creation of finance by economic stimulus, which in itself is governed by financial accounting methods, which require profits to be made. So all political leaders currently in the House of Commons benefit from it and Labour politicians get their salaries paid the same as all other ones and so it is not really in anybody’s interest to promote radical changes, that would both save the environment and stop wasting money on yet more money spinning administration changes.

Putting it in a nutshell, those responsible for politics today are sometimes voted in by less than a quarter of electors. What would happen if nobody went to the polling booths at all? Our democracy would not be able to appoint another half-baked politician who would put his name to the historic mismanagement of earthly resources.

David Miliband’s proposal is nothing but yet another cosmetic short-term solution that will fall foul of capitalist and financial dynamic within decades and proof useless once he is out of office and somebody else has to take the brunt from that suggestion he made.

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Labour is very uninspiring

I expected more from the leader of the Labour Party than old lukewarm slogans, which are not even able to excite me a little bit. What Mr Miliband said at a recent Labour conference in London, according to this BBC report, is just a repetition of age-old slogans.

It’s definitely nothing new that Labour is on a national mission, because that is just what political parties do, they want to win the national elections to govern the country. So why does Mr Miliband emphasize that his party needs to inspire people with a national mission, isn’t that what they always do?

Gordon Brown, definitely had more charisma and at least excited people to hate him, ridicule him, do anything else but being bored with him and being bored is something that probably a lot of people are with Mr Miliband.

I cannot even get excited about his pledge to tackle new inequality because most of this extra inequality came about under Labour’s  rule and that inequality is about as old as the earth itself. We poor do not get richer and that’s that. I do not even think that Labour’s gains in local government elections recently are anything special because in local elections voters tend to vote Labour more than anything else.

What is missing is a clear direction, a framework policy, promises that give us hope.

Most people expect business projections and political ideas that counter current government policies but there seems to be a black hole in Labour. Maybe I read the wrong publications but from what I see, there is nothing new and nothing exciting from Labour these days.

continued:

Mind you the Conservatives have all-encompassing policies at the moment and perhaps there is just nothing that could be held against it.

Talking about all-encompassing, the real difference to poor people was made by science and inventions that changed our quality of life and led to the welfare society and social security for all. It is really science that helps humanity to develop a better quality of life and not politicians who are mere administrators of human wealth rather than a driving force for quality of life.

I found it more interesting to read that Bill Gates makes millions available to roll out a vaccination program for third world countries and that goat’s milk is more similar to human milk than cows milk and that population numbers on the plant earth are about to reach 20 billion than read Mr Miliband’s trivial thoughts. It is plainly not feasible to say that wealth should be distributed more evenly when we look at such colossal numbers. How would more wealth for each of those 20 billion individuals impact on earth warming and planet sustainability?

What is really important is to keep realistic, provide a sustainable quality of life for humanity and keep people and this planet safe from self and other distraction. Mr Miliband is just silly and not worth having that post. Alex Salmond is more inspiring than Miliband, perhaps that is one reason why the SNP has sailed through the last election. It might be that the fresh, clean air of Scotland produces Prime Minister material and not the bad-air-quality South because that is now the second exciting Sottish politician, after Gordon Brown.

The diss-integration of the British left

Whilst the ‘New’ Labour Party power struggle is going on between 2 brothers, well you could say the Brothers Grimm, no, its actually the brothers Miliband now,  the Socialist dream of New Labour got buried. Having lost grassroots support and understanding a long time ago, Labour now tries to stay in tune with the Internationale of Communist states. Whilst in government it tried to build an economic alliance with China and other up-and-coming world powers to build the partnership of international working classes, just to realise that they are a downward spiral.  The international dream of equal rights of all workers fell apart when the economy just didn’t want to play ball. Cups of tea became too expensive, and the wages of those wanting out of slavery unaffordable.

Here in Britain Margaret Thatcher allowed the hardline Socialists a way out of their misery when even they were coaxed into becoming leaseholder and purchased their council flats. The roots to the working classes were nurtured by local  heroes that spoke the lefties language and provided sanctuary from the stressful capitalist environment and loss of pride. Harriet Harman as always acts as the big godmother and sticking glue of the disintegrating organisation, keeping it all together with motherly care, but not taking the pride of leadership away from younger and aspiring candidates like the Miliband brothers.

Having a personal interest in social behaviour and disintegration of social groups, I notice that the traditional Labour left has taken a great knock back from their affiliation of traditional awkward resilience to capitalist guidelines. Yet the dangling price of homeownership in front of the Labour voting council tenant  made them saddle for a new horse, the settled left-wing Labour movement, the home owners gallery of protesters, and all they want is the living wage to allow them a near middle class existence to go with that pride of the newly created homeowner. A fine mess Maggie gotten us in there, when it was not enough to stop the strikes, they now want more money to stay in the job to pay off the mortgages.

Yet the Labour dream is kept alive by old timers such as Arthur Scargill, Tony Benn and the younger ones like John McDonnell. His book “Another World is possible”, is one of the smallest socialist handbooks, but probably handy like the little red book of the Maoists. Mr McDonnell says however he won’t have enough support to make the grade, showing that the old-fashioned Labour Pride is crumbling in real life politics. There will be no long march anywhere as it’s all about keeping the job to pay the mortgage. British Capitalists always loved their British working class. It’s now no longer being against something but becoming what they were once against but Ed Miliband noticed that the dream of New Labour is over. Labour failed to take over Britain but managed to reduce the power of hereditary peers, which is a small revolutionary step into their dream of becoming the real owners of Britain.

The equality dream is kept alive in a strong workforce at British Airways who battle with the unions in the High Court to prevent further strikes. It has become a matter of national functionality, a make or break dispute that drove BA to merge with the Spanish air service Iberia whilst UK inflation hits highest rate since 1 1/2 years over rising food prices because the UK has lost the ability to sustain themselves with food production.  

It is against this background that Left-wing Labour bloggers enjoy a renaissance of the Socialist dream, people like John Gray, Dave Osler and others, squelch the thirst of genuine revolutionary thinking of those that try to escape the daily rut. After all, that Marxist seminar must be able to fruit in some common good. Left-wing ideology is big business from seminars to book sales and all sorts of paraphernalia. Was it any wonder that Osler wanted to keep the radical leftists happy when he accused me of former Baader-Meinhof connections and found himself accused of libel.

But then when the fire got too hot, he engaged himself a right-wing lawyer to save his bacon. His solicitor was hailed by all his lefty friends and one can see the band of heroes huddling together outside of London’s High Court after the ruling. Some look even halfway dressed whilst other still sport the anarchistic hippy look.  Osler sold his soul to the devil in exchange for his freedom and the saving of his negative equity home in North London. Dougans a right-wing Conservative Party member, part of the Conservative group that wanted to win the Poplar and Limehouse seat from Jim Fitzpatrick gave Labour member Osler free of charge help to dream his left-wing dream that little bit longer. In exchange for Osler agreeing that his case be argued on the basis of the Jameel legal principle, that allows better free speech for all sorts of people that want to drive forward certain ideologies on  British cyber space.

What an ideal marriage, the right-wing Conservative Party member from the Isle of Dogs, in marriage with the left-wing Labour Party party member getting together in order to win some votes for his Conservative aims as well as making a name for himself for a ready group of new customers, what better way than create himself some new ideological allegiance. Yet Osler has not made any comment about this on his left-wing blog on which he advertises anarchist organisations and generally praises anything violent and wanting to undermine the state.

It reminds me a bit of the German History, the struggle of the German left under Rosa Luxembourg and Karl Liebknecht who fell victim to the Social Democrats, Dave Osler is certainly no Karl Liebknecht and is happy with his adulterated Democratic lifestyle. It is a question in how far the far left of British politics now disintegrates into the Social Democratic trot similar to that, which  established itself after the German revolution in 1918, when the far left wanted more than the middle of the road and socialists could practically promise. Miliband has already conceded that New Labour is dead and the last unionist uprisings should soon be quelled by a little more high court action. Yet in Germany the rule of law got lost when the Nazis took over, the only tendency I can see towards a loss of law here in Britain is a tendency to replace jury trials with one-judge rule.

There is no British left, left to mourn, we certainly won’t see a fascist uprising like the Germans did in the 1920s  because we all are in the habits of cashing our weekly benefits, wages and live a live of the daily routine that gives little rise to an uprising, apart from some people’s fantasies that are still inspired from the occasional radical talk and the dream of an amalgamation of international revolution and the taking over of the world’s riches.  Each socialist today is just happy to own a small part of it, even if it’s with a negative mortgage.

There is now very little distinction in British politics with the Liberals and Conservatives building a government to rule for another 5 years. I wonder whether it is worth it at all to even get interested because our daily lives can be administered by any party really, anybody at all who is middle of the road and wanting to keep the economy going. Having put our monarch on a slow burner, all we really are concerned about are threats of natural catastrophe and disgruntled Muslims that want to destroy our blissful unity of all sorts of political streams into one big happy family.

Comparing Western Civilisation with the Roman Empire shall become my next little project to work on, to see if our aim to rule the world will have a similar fate to the Romans that fell in the end to the Barbarians that beleaguered Rome to finally take it over or better how we can avoid that happening to us.  I wonder whether the loss of internal opposition, like the fall of the British left is a good or a bad sign, lets read some more.

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