Showing posts with label bankers. Show all posts
Showing posts with label bankers. Show all posts

Wednesday, February 15, 2012

Layer 518 . . . Feminism, Burchill, Friendship, Pampering, Whining, and Masters of the Media Universe

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Julie Burchill has always been a loose cannon - a kind of anarcho-feminist. Recently she popped up (again) in the Observer with this interesting column on women, men and friendship:
Spare me from the whining women who are giving feminism a bad name
The 'girls' night in' antics on Celebrity Big Brother highlighted all that is wrong with female friendship
http://www.guardian.co.uk/commentisfree/2012/jan/29/julie-burchill-female-friendship-feminism


I have experienced jealousy, possessiveness, verbal abuse and violence from men, but I have also experienced jealousy, possessiveness, verbal abuse and violence from women, usually when I failed to respond to their advances. 
There are aspects to broad-bonding that make me feel I'd rather be a surrendered wife for an evening than have a girls' night in. At least you'd get some proper sex out of it.
"Pampering", for a start. When did women whose looks are not their living start conducting themselves like the simpering inmates of an Ottoman empire seraglio? Tellingly, spending a huge proportion of one's income on preening oneself for men's approval ("I'm doing it for me, not for men" – oh, give it a rest, you lying cow!) as a leisure option has gone hand in hand with the rise of ceaseless recreational moaning about men, and if I thought that I had to spend three-quarters of my time and money turning myself into a hairless, poreless living doll in order to get someone's affection, I'd probably resent them too. 
But the cult of pampering – like fashion – is not a thing that straight men make women do. Straight men couldn't care less – they generally just want women to have a wash, bring beer, show up and strip off. Women do it to themselves.
Sadly, a lot of what passes for feminism these days is just moaning about men, congratulating ourselves on nothing in particular, and mocking them for being big kids while doing everything we can to keep them that way.
But moaning about men doesn't make you a feminist – it just makes you a moaner who can't get along with men for reasons that are probably at least as much to do with your failings, flaws and foibles as they are with some imagined horridness on the part of men. 
Lots of women love to accuse men of being immature when the fellow in question displays a reluctance to "commit" – though what is childish about being self-sufficient and showing understandable reluctance to throw oneself into a smothery relationship with an obviously unhappy fellow human being (because surely only extremely unhappy people look to others for salvation) escapes me somewhat.
As a kid, I grew to define what I didn't want my life to be like by sitting behind moaning women on the bus, hearing them bang on about their aches and pains, both real and imagined. Too many allegedly smart women these days have merely substituted males for maladies and seem hellbent on moaning their lives away rather than changing them.
Einstein said that a definition of insanity was doing the same thing over and over again and expecting different results, and I think of this when I hear a friend describing men – yet again – as fuckwits. Look, hon, I want to say, if men don't suit you, go celibate. Go lesbo (but not with me, thanks) but stop moaning!
The older I get, the more I find that the friendships I treasure, which leave me wanting more, are those based around doing specific things – from the living hell of kettlebell classes to the transcendent bliss of learning Hebrew – rather than just sitting around shooting the breeze in a gender-specific environment. Because even the most well-moisturised girls' night in tends to trickle down to a pity party as the years take their toll.
Still, it's just a bit of fun, right? All girls together! Put on the Adele records, break out the cava and let's pamper ourselves stupid. But there will be tears before bedtime, more likely than not, and men for once won't be to blame. The party's over and we did it to ourselves.
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Over the past few years Oxzen has banged on somewhat about economics, finance and banking - subjects not exactly guaranteed to thrill or even interest the average blog reader. Paul Mason, Newsnight's economics editor, has become a particular favourite of this blog for his work on BBC2 and for his articles in the Guardian. How interesting, therefore, to come across this excellent 3-page spread in the Observer Review:
New masters of the media universe
Before the global meltdown, financial news was strictly for geeks and struggled to get on the news. Now, financial correspondents have become celebrities
http://www.guardian.co.uk/business/2012/jan/29/business-economics-journalists-reporting-celebrities
by Elizabeth Day

Over the last four years, since the global financial crisis was triggered by the bursting of the US housing bubble and the domino-like fall of a series of over-leveraged, under-regulated banks, something curious has happened to business coverage. Where once it was the preserve of financial policy wonks and secretive, high-powered bankers who liked to discuss credit default swaps over breakfast, now it has emerged, blinking, into the mainstream.
We are, it seems, a nation now obsessed by business and economics. In March, the writer John Lanchester publishes Capital, an epic novel examining the fall-out from the economic crash. A six-part docudrama about the city, produced by the team behind the psychological crime drama Luther, is being developed by the BBC.
Paul Mason, Newsnight's economics editor, says: "Our audience research has shown that despite the fact that we've massively upped our coverage of the economy, the audience wants even more. For our audience, who are very professional, Volvo-driving types, they want to see the big business people grilled."
Stories about the economy – the bailouts, the losses, the bankers' bonuses – have jumped to the top of the news agenda, replacing the slots previously occupied by political, sport or showbiz scoops.
For the first time in living memory, business correspondents are basking in the warm glow of the limelight. Every one of them I speak to recounts their own anecdote about the moment they realised their specialism had suddenly become cool.
What has driven this upsurge in interest? There have, after all, been recessions and bank collapses before (albeit not on the same scale). But the current financial crisis seems to have captured the public imagination in a particularly potent fashion.
According to Peston, the answer lies in the fact that we are now faced with an economic implosion . . .
"Suddenly it became clear in 2007, when the markets were closing down and then Northern Rock collapsed, that what was happening in these funny organisations called 'banks' mattered to all of us because, as taxpayers, we're bailing them out," he says. "We're getting poorer as a result of their actions. People just got it overnight, about how important understanding business is."
People have realised that the way money goes round the world really matters.
"As journalists, we had the immediate short-term issue, which was that people needed to understand the recession. But I like to think there is a wider civic issue too, because it's outrageous how long the public at large have been so laidback about understanding what goes on."
"It's like food: we used not to care so much about how it was produced but now we want to know what goes in it. In the same way, people need to understand that finance is about understanding how the world operates."
The desire of vast swathes of the television audience to get a grip on what is happening means there is an ever-more pressing need for a communicator to act as go-between. In the conjoined spheres of business and economics, the role of the correspondent is paramount.
Faisal Islam agrees: "At the heart of the financial crisis is complexity and people are looking for ways in which that complexity can be decoded. It poses a challenge for journalists because, essentially, complexity has been used and abused by financiers and politicians to mask what they didn't know and we, as journalists, have to explain that.
"We have to get to the bottom of what really happened at RBS or HBOS because the people who caused it really haven't been held to account."
It helps, of course, that many of the disgraced financiers are such extraordinary characters – there is nothing better designed to leaven a dry discussion of off-balance sheet securitisation than a Bonfire of the Vanities-style tale of excess, ego and self-destruction. In the UK, there is Sir Fred Goodwin, the disgraced Royal Bank of Scotland chief executive, who lavished £350m on new office headquarters, enjoyed the use of a private jet and admitted having an affair with a senior colleague in the run-up to the bank's collapse. After RBS's £45bn taxpayer-funded rescue, Goodwin left with a £342,500 annual pension.
In America, there is Dick Fuld, the former CEO of Lehman Brothers, modern art enthusiast, real-estate millionaire and a man with a manner so gruff and brutal, he was nicknamed "the Gorilla" on Wall Street.
"It's almost like a soap opera you get locked into," says Jeff Randall. "If I tell the story with dividends and yields, I've lost you, but if I tell the story of Fred Goodwin, it becomes more engaging… There are all these characters who can be power-mad, slightly crazy, venal, weak – all the human foibles – and that would make a good drama, except these people were playing for real and for higher stakes."
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With friends like Facebook…
Facebook's reaction to proposals to tighten up on privacy rights shows its lack of respect for others
by John Naughton
http://www.guardian.co.uk/technology/2012/jan/29/facebook-data-privacy-rights-regulation
Facebook made this announcement on its official blog: "Last year we introduced timeline, a new kind of profile that lets you highlight the photos, posts and life events that help you tell your story. Over the next few weeks, everyone will get timeline. When you get timeline, you'll have seven days to preview what's there now. This gives you a chance to add or hide whatever you want before anyone else sees it." Note the authoritarian tone: "Everyone will get timeline." Translation: you'll get it whether you like it or not. We will return to this later.
The truth is that companies such as Facebook are basically the corporate world's equivalent of sociopaths, that is to say individuals who are completely lacking in conscience and respect for others. In her book The Sociopath Next Door, Martha Stout of Harvard medical school tries to convey what goes on in the mind of such an individual. "Imagine," she writes, "not having a conscience, none at all, no feelings of guilt or remorse no matter what you do, no limiting sense of concern of the wellbeing of strangers, friends, or even family members. Imagine no struggles with shame, not a single one in your whole life, no matter what kind of selfish, lazy, harmful, or immoral action you had taken. And pretend that the concept of responsibility is unknown to you, except as a burden others seem to accept without question, like gullible fools."
Welcome to the Facebook mindset.
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Sunday, February 12, 2012

Layer 517 . . . LibDems, the NHS Bill, and Banker Bashing

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Yesterday Oxzen was out and about on the sunny streets of downtown Bermondsey when . . . what should he espy other than a flock of Liberal Democrats, gathered together on a pavement, looking as if they were about to go a-canvassing with their clipboards and leaflets.

Having walked past them it was tempting to go back and accost them with a few questions:

"What are you people doing about opposing the NHS bill?!"

"When are you going to demand the bill is abandoned?"

"Why is your party allowing Clegg and Cameron to go ahead with the bill?"

"Don't you realise that the likes of Tim Montgomerie and his conservativehome blog have called for the bill to be abandoned? Don't you people realise your party is now well to the right of the Tory heartland?"

"Do you really want to see NHS services farmed out to make profits for the private sector?"

But I didn't.

Sometimes, though, you have to admire Simon Hughes:
Lansley should be replaced after health bill becomes law, says Hughes
Lib Dem deputy leader says health secretary should 'move on' to enable government to put NHS controversy behind it
http://www.guardian.co.uk/politics/2012/feb/12/lansley-replaced-health-bill-hughes
A leading Liberal Democrat sparked renewed speculation about Andrew Lansley's future when he said David Cameron should find a new health secretary after the health bill becomes law.
The Lib Dem deputy leader, Simon Hughes, said he believed Lansley needed to "move on" in the second half of this parliament so the government could put the controversy over the NHS reforms behind it.
Hughes's comments will not be welcome in Downing Street, where Cameron has been defending Lansley in response to calls from the influential ConservativeHome website for him to be replaced and an anonymous briefing from a No 10 source saying the health secretary should be "taken out and shot".
Speaking on the BBC's Andrew Marr Show, he said: "I'm clear we need to move on from this bill. My political judgment is that in the second half of parliament it would be better [for Lansley] to move on."
When asked whether he was saying Lansley should be replaced, he confirmed that he was, but also accepted that he needed to be "careful about the political sensitivities of this coalition".
Although Hughes is not a minister, he is the most senior figure in the party to call for Lansley to be replaced.
He spoke out as Labour stepped up its attack on the health reforms, releasing an internal Department of Health letter saying too many patients were facing delays because trusts were failing to meet waiting time targets.
The coalition finds itself under fire on many fronts. The Mail on Sunday reported that McKinsey, which has received almost £14m from the government for work on the NHS, paid for health regulator staff from Monitor – including the chairman, chief operating officer and director of strategy – to attend lavish events.
A YouGov poll for the Sunday Times showed only 18% of people said they supported the NHS reforms. It revealed that 48% opposed them, with 34% saying they were not sure.
http://conservativehome.blogs.com/

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Why we need more banker bashing
Banks are the biggest scroungers of public money – solutions will not simply materialise if we don't keep up the pressure
http://www.guardian.co.uk/commentisfree/2012/feb/07/why-we-need-more-banker-bashing
by Sunny Hundal
Banking reform has been pitifully weak. If the crash were to happen again tomorrow, the government would have to bail them out again. They remain leveraged up to their eyeballs; remain "too big to fail" and too inter-connected to each other so most can't be allowed to go bust. Without public anger there is no impetus to push banking reforms further, which the Conservatives are stridently resisting and Labour is still reluctant to push too far.
Banker bashing begs a wider question – if finance has become the life-blood of modern economies, why can't we exercise more control over such a vital industry? Consider this: we pretend that banks are private businesses that should be allowed to run their own affairs. But they are the biggest scroungers of public money of our time. Banks are lent vast sums of money by central banks at near-zero interest. They lend that money to us or back to the government at higher rates and rake in the difference by the billion. They don't even have to make clever investments to make huge profits.
Far from being the pinnacle of free market capitalism, banking is full of sorry executives who keep asking for more handouts to protect their deliberately bloated businesses. The solutions won't materialise if we go back to how things were. Public anger has grown because it is starting to dawn on middle England that while the rest of us are paying for the crisis, the people who caused the crash want to go back to 2007. Even the Daily Mail is starting to reflect this impatience. This recession is already longer than the 1930s and the stagnation will continue for maybe a decade. For from being over, the nightmare for the Goodwins and Hesters is just getting started. And quite rightly too.

Good comments by moretorybullshit and others beneath this article.
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Saturday, November 5, 2011

Layer 491 . . . The Churches of England, A Debate, The Media, Rowan Williams, John Sentamu, the Moral Agenda, Taxes on Bankers and Jarrow Marchers

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I went to church last night - and I've never before seen a church so packed, with every pew taken and with extra seats needing to be brought in. A very lovely church it is too - St Peter's has been the parish church of De Beauvoir Town since 1841.

No need to worry - Oxzen hasn't had a moment of revelation and decided to follow The Lord. Indeed not. The Church of England is going through some interesting times, with its two archbishops saying some very enlightened things these past few days, but Oxzen still sees no reason to convert to a belief in God.

Last night St Peter's hosted the third "Hackney Debate":
"George Alagiah chairs a discussion on media regulation and ownership, phone hacking and journalistic ethics, and public responsibility."
The speakers were Nick Higham, James Anslow and Suzanne Moore - all of them (and George) residents of Hackney.

George Alagiah strikes me as a lovely man and someone with enormous intelligence, together with superb communication skills.

The three speakers all seemed very inclined to accept the status quo with regard to media regulation and the Press Council - i.e. no more regulation, no more control on media ownership, no statutory body to monitor the activities of the press and media. None of them seemed to speak with any great passion about the appalling British media and its collusion with governments to keep our politics, our economics and our financial system going along the same old track. There was even praise for Murdoch and the tabloids generally.

Even Suzanne Moore oozed complacency - telling us that if we don't like the tabloids and the right-wing press then we can find better news reporting and comment elsewhere on the Internet. Maybe she's right - maybe it's not even worth complaining about the power of the right-wing press to dominate the national conversation, since there's nothing we can effectively do about it.

Personally I'd have preferred to listen to platform speakers who could show similar outrage to that expressed by several members of the audience. Maybe if you have a regular column in the Mail on Sunday AND a column in The Guardian, as Suzanne does, you're a bit beyond outrage.

http://stpeterdebeauvoir.moonfruit.com/#/debate/4556340694

Respect to the Reverend Julia Porter-Pryce, who's the driving force behind making this particular church relevant to its community, and has opened up her church to be a venue for these public debates. It's a great venue, and even had wine on sale before and during the debate.

Have a look at the St Peter's website to find out more about what they're doing for the community -
"transforming its Crypt into a real community asset - a thriving centre for social interaction, creativity, cultural expression and community support. We're making the space fully accessible, flexible, practical and welcoming. It's home to the cold-weather night shelter, a thriving community cafe and many groups promoting creativity and healthy living." 
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During the first phase of the St Paul's site occupation, the head of the Church of England very wisely kept out of the debate about the camp, the occupation and LSX. He's now speaking out.

Oxzen has previously commented very favourably on Archbish Rowan Williams -


http://oxzen.blogspot.com/2011/06/layer-471-essays-rowan-williams-new.html

http://oxzen.blogspot.com/2011/06/layer-472-alfie-bowe-songs-and-singers.html


Occupy London: archbishop of Canterbury backs new tax on banking


Rowan Williams says the protest at St Paul's shows 'widespread and deep exasperation with the financial establishment'


http://www.guardian.co.uk/uk/2011/nov/02/occupy-london-archbishop-canterbury-tax?


The archbishop of Canterbury has outlined a package of political and financial measures needed to take forward the "moral agenda" of Occupy London campaigners encamped outside St Paul's Cathedral.


Backing a new tax on banking, Rowan Williams said the protest against financial inequality and banking excesses had been seen "by an unexpectedly large number of people as the expression of a widespread and deep exasperation with the financial establishment that shows no sign of diminishing".


Endorsing the idea of a "Robin Hood" tax on financial transactions, he said: "There is still a powerful sense around – fair or not – of a whole society paying for the errors and irresponsibility of bankers; of impatience with a return to 'business as usual' – represented by still-soaring bonuses and little visible change in banking practices."


Williams stepped into the debate as another senior figure in the Church of England, the bishop of London, Richard Chartres, told the Guardian that the protesters' voices chimed in with "alarm bells ringing around the world about the connection between finance and ethics and human flourishing".

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Archbishop of Canterbury Rowan Williams calls for new tax on bankers


The Archbishop of Canterbury has thrown his weight behind the St Paul’s Cathedral anti-capitalist protesters as he called for a new tax on banks.


http://www.telegraph.co.uk/news/religion/8863794/Archbishop-of-Canterbury-Rowan-Williams-calls-for-new-tax-on-bankers.html


“The demands of the protesters have been vague. Many people are frustrated beyond measure at what they see as the disastrous effects of global capitalism; but it isn’t easy to say what we should do differently. It is time we tried to be more specific,” Dr Williams said.
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Archbishop Sentamu targets City greed

He suggests denying honours and the Queen's Awards for Industry to fat cat firms; and an interesting way of embarrassing tax avoiders

http://www.guardian.co.uk/uk/the-northerner/2011/nov/05/sentamu-archbishop-of-york-st-paul-s-camp-corporate-greed-city-of-london?
The Archbishop of York, Dr. John Sentamu, has spoken out about the greed which provoked the St Paul's camp. Typically, he makes two practical suggestions [which can be read here - http://www.archbishopofyork.org/articles.php/2238/archbishops-call-to-re-establish-a-fairer-society]
Changes in public attitudes can take place quite quickly.  Over the last few decades racism has lost its respectability and is seen as unacceptable.  The same applies to homophobia (the irrational fear of homosexuals) and discrimination against women.  My belief and trust is that a society which has shown itself capable of making such rapid changes to attitudes in these areas will also prove capable of recognising that our society will work best when we recognise that as human beings we are all, fundamentally of equal worth and members of one society. 
Let us do it. Let us do it now.
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Archbishop of York attacks high-paid executives


Dr John Sentamu has attacked the salaries of top executives saying that huge differences between the rich and poor "weaken community life and make societies less cohesive".

http://www.telegraph.co.uk/news/religion/8871631/Archbishop-of-York-attacks-high-paid-executives.html


Archbishop of York John Sentamu attacks executive pay

http://www.bbc.co.uk/news/uk-england-york-north-yorkshire-15605385

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Jarrow marchers complete journey


A group of activists who have recreated the famous 1936 Jarrow March for Jobs will complete their 330-mile journey by highlighting the growing "crisis" of youth unemployment.


Dozens of people have taken part in the trek from the North East to London, where a rally on Saturday afternoon will be addressed by politicians and union leaders.


Youth Fight for Jobs, which organised the march, will hand in a petition to 10 Downing Street calling for a huge Government job scheme, apprenticeships, the reinstatement of the Education Maintenance Allowance, the reopening of axed youth services and action on tuition fees.


Spokeswoman Claire Laker Mansfield said: "Young people have shown that far from being lazy or scroungers, they want a future with decent jobs and education. The marchers have received huge support up and down the country. People have fed them, put them up and made it clear they back our demands.


"We think it is unfair that in the 21st century young people are facing long-term unemployment. There are almost a million young people out of work, and the jobs market is not getting any better."


Great-grandchildren of those who took part in the original march 75 years ago were among those taking part in the protest march, which started on October 1.


In 1936, 200 jobless men marched from Jarrow in north east England to London with a 12,000-name petition calling for government action to create jobs.

- UK Press Association

http://www.google.com/hostednews/ukpress/article/ALeqM5i0bboHKNDe1XKO4DBFEe5hD6JJTg?docId=N0466781320418717584A

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Tuesday, November 1, 2011

Layer 488 . . . Top Boys, Dealers, Secateurs, Pavements, Cities, Teenagers, Gangs, Psychopaths, Intelligences, Profits, Crimes and Hackney

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Reclaim The Pavements

You can say what you like about capitalism, globalisation, bankers and the like, but my pet hate at the moment is people who let their trees and shrubs grow unchecked and thereby block our pavements - sidewalks if you prefer. Even partial blocking is intolerable.

I was thinking about this yesterday, and had a sudden realisation. Why wait for the local Council to take these idiots to task and send them a warning letter? We're supposed to be a Big Society, aren't we? Clearly direct action is the answer.

Therefore I'm proposing a Reclaim The Pavements movement, whose members carry a pair of secateurs in their pocket or their bag and simply snip off the bits that grow across boundary walls and fences, which annoy passers-by.

To begin with, it shouldn't be necessary to do a wholesale pruning job. Just taking  off a few bits of privet or buddleia or whatever ought to send the right message to the idle sod who can't be bothered to keep their garden in check, especially if the debris is left lying on the ground as a mark of shame. Seeing the cuttings and the debris (and the snipped shrubs) would also give encouragement to fellow RTP activists, who would know they're not alone.

But what if the offender is shameless, or has gone away, or is too old and feeble and poor to do the pruning themselves? In that case, I reckon we should carry a standard supermarket plastic bag and fill it with snippings, prior to disposing of the bag in a dustbin or recycling bin - or possibly just leaving the bag in the offender's garden.

Job done.

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Top Boy

Last night saw the start of a new series on Channel 4 -
A thrilling and raw four-part drama about young lives lived on the edge in east London - an honest and gripping rendition of inner-city drug and gang culture
It's worth taking a look at the Top Boy website, and maybe watching it on 4oD if you missed it.

http://www.channel4.com/programmes/top-boy

http://www.guardian.co.uk/uk/2011/oct/30/top-boy-reviewed-by-hackney-residents-panel

Personally I find this kind of stuff almost unwatchable - like a hyped-up and even nastier version of EastEnders - but it's better to have writers and programme makers dealing with these sorts of subjects than just ignoring them. Entertainment it isn't. (I feel the same way about "We Need To Talk About Kevin" - it's important to think about psychopaths and the nature of evil, but I personally don't want to see the film.)

There's plenty of evil on show in Top Boy. One of the nastier highlights concerned the use of a pair of secateurs to cut off the finger of a rival drug dealer in order to demonstrate to a drug supplier (baron!) that the new boy on the block is capable of such snipping - such ruthless and psychopathic violence. There were plenty of guns and knives on show and in use as well.

I guess the point of Top Boy is to show how young kids become corrupted and ruined by gang culture. We already know well enough that gang culture exists, and gangs run the trade in drugs in our cities and towns. We certainly need to do a lot more to protect the children in our neighbourhoods - to give them decent supervision, support and housing would be a start. To lift their lives out of poverty would also help.

By themselves, however, these things are not enough. There's a brand new block of flats near where I live, which is now populated by at least a couple of dozen teenagers and their families. I see these kids hanging about on the streets. Yesterday one of them actually lifted his bike from the position where it was lying on the pavement to allow me to walk past their group. "All right, boss?"  he said as I passed. "Thanks," I said.

Politeness, respect, consideration, civility. To recognise you're blocking the pavement, and then do something about it.

We need to talk about the Kevins of this world - the psychopaths as well as the mere teenagers - and we need to address their actual needs, if our societies are to function and thrive. There's no point in just telling  them what to do - it's in the nature of a 'normal' teenager to be a rebel and a non-conformist. It's in the nature of a psychopath to just do whatever they're going to do, regardless of the feelings or wellbeing of those they damage.

Psychopaths clearly have no 'better nature' - they have no capacity for empathy, and their concern is only for themselves. They seek only power, pleasure and personal gain. With teenagers it's different, and they're capable of developing personal, social, emotional and spiritual intelligence, if we only care to show them how . . . if we only know how to educate them. Preferably beginning a long way before they even get to teen age. How come we're not doing it? - or not doing it well enough, in the majority of cases.

As for Hackney - bottom of the bloody 'league table' for the speedy adoption of kids according to news bulletins yesterday - Top Boy could be yet more bad publicity. [Is it necessarily a bad thing to take time over the proper placement of kids with adoptive parents? Maybe the 'bottom' in this case could actually be the top? I speak as someone who likes to take time to do things properly and thoroughly.]

Although an article in Sunday's Observer which pre-viewed Top Boy banged on about Hackney, it wasn't particularly noticeable from the actual programme that it was set in Hackney. The estates and the streets could have been in almost any of our cities or districts - obviously the poorer parts.

For those of us who live in Hackney, we won't recognise, for the most part, the characters and the activities depicted in Top Boy. Day to Day life in most parts of Clapton, Dalston, De Beauvoir, Stoke Newington, Stamford Hill, etc, is decent, civilised, courteous and polite. People of all backgrounds, skin colour, religions and ethnicities don't just 'tolerate' one another - they enjoy living together and befriending one another, even when life is hard and it's a struggle to survive.

That said, I fear for what may happen in the years ahead, as council budgets are squeezed ever harder, as provision for the poor and the needy becomes ever scarcer. I still have strong memories of life under the Tories last time around, as mass unemployment hit the poorer communities that already had little enough, and people found it ever harder to buy decent food, clothes and household items. People who have nothing have nothing to lose - as Bob Dylan reminded us all those years ago.

Last time around teenagers found new ways of making money - such as mugging, 'steaming', and stealing car stereos. There was also a huge increase in tried and tested ways of getting money, such as burglary and shoplifting. In recent years these forms of criminal activity have seen a marked decline - in Hackney and elsewhere.

Meanwhile corporate kleptocracy increases at a phenominal rate. Yesterday Barclays announced massive multi-billion pound profits for the year so far. And this is a bank that contributed hugely to the financial crisis that's still continuing. What's more, the profits announced yesterday weren't from merchant banking - from the banks' casino operations. These are  profits from the 'High Street' - from ordinary punters, like you and me. Do they think that people still don't realise they're being ripped off by the City, by the banking cartel? Those profits are OUR money. As are all their bale-out funds, which saved the entire financial system from collapse.

The only people they're not making profits from are the already-rich (who do their banking differently, let's say) and from those who have no money to begin with.

More of this in the next blog.

Incidentally - the main fault with Top Boy is that the actors - as good as they are - all look too nice. They look like decent, pleasant, intelligent individuals - which of course is exactly what they are. Just like the majority of people out on the streets - like those who cleaned up Clarence Road after the riot. Just like the majority of those who took part in the Pembury/Clarence Road riot, in fact, and haven't been involved in violence or wrong-doing since the riot took place.
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Saturday, March 5, 2011

Layer 451 . . . Creativity, Education, Protests, Democracy, Mervyn King, Bankers, Economic Literacy, Bill Nighy, the NHS and Jamie's School

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"To be human is to create."

Try telling that to our schools. Creativity? What's that? May as well talk about enlightenment.

Also heard on the radio this week - Michael Gove is apparently one of those who believe that this country should continue to carry out aggressive military interventions in other countries. Quelle surprise.

To think that this jumped-up little twat, who clearly has no experience, no knowledge and no wisdom of any sort, is a senior member of our government . . . How can someone like Gove have any credibility - let alone be the minister responsible for children and for education throughout this country?

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Positive news this week - the latest (Barnsley) by-election results. Massive split in the Tory vote. UKIP second to a resurgent Labour. (Very good news for Brother Ed.) Conservatives nowhere. LibDems wiped out. How can the moderate leftists in the LibDem camp continue to put up with what the coalition is doing and where they're taking the country? How can they just ignore what their leadership is doing to whatever credibility they may have had as a party of sound government and social justice?

Ballot box backlash: Byelection and referendum
http://www.guardian.co.uk/commentisfree/2011/mar/05/byelection-labour-editorial

Dan Jarvis (Lab) 14,724
Jane Collins (UKIP) 2,953
James Hockney (C) 1,999
Enis Dalton (BNP) 1,463
Tony Devoy (Ind) 1,266
Dominic Carman (LD) 1,012
Kevin Riddiough (Eng Dem) 544
Howling Laud Hope (Loony) 198
Michael Val Davies (Ind) 60

So here we have it - the LibDems are less popular than (and the Tories are only slightly more popular than) the BNP - the nearest we have to a fascist party.

There was an interesting letter in the Guardian this week regarding the split in the Labour party that cost them the 1983 election. This has real implications for what UKIP might do to the Tories in the future.

Why the Labour party lost in 1983
http://www.guardian.co.uk/politics/2011/mar/04/why-labour-party-lost-in-1983
Polly Toynbee refers to the splitting of the anti-Tory vote by the SDP but her conclusion seems to be that "Thatcher's Falklands victory made her triumphant". Can we knock this on the head? In 1979 the Tories got 13,697,923 votes (43.9% of the total). In 1983 they got 13,012,316 (42.4%). Not much of a drop but a drop nonetheless. There was no swing of support to Thatcher because of the Falklands. Thatcher won in 1983 precisely because the 16,237,883 votes which would have defeated her were split between Labour and the SDP.
Alan Gray
Brighton


Also -

Polly Toynbee (Some SDP thinking might strengthen Labour's nerve, 1 March) peddles the usual myths about the SDP's split from Labour. Chief among these myths is the evils of the 1983 manifesto. In fact this was timid compared with the 1974 manifesto, which put Labour in government and pledged to nationalise shipbuilding, ports, aircraft manufacture, and sections of pharmaceuticals, road haulage, construction and machine tool manufacture, as well as North Sea oil and gas. Tony Benn, a stalwart defender of the gains of the working class, is described as a "ruthless destroyer", while Margaret Thatcher is "positively pragmatic" compared with the current government. Unfortunately the liberal commentariat continues to fear the democratic will of the working classes being given a political voice. The Labour party should fight for the class it was founded to represent. The evidence from the 1980s and today is that the Tories have no shame in fighting for their class of fellow millionaires.
Andrew Fisher
Joint secretary, Labour Representation Committee


Can anyone seriously argue that back in the 1980s a national effort to support our key industries and to channel our oil wealth into the public purse wouldn't have been better for the country than allowing our industries to be sold off and asset-stripped, and our national  oil wealth to be siphoned off into private wealth?

Since Germany has managed to strengthen its manufacturing sector decade upon decade, why couldn't Britain have done so? Was it really inevitable that our major industries - shipbuilding, aircraft manufacture, motor vehicles, pharmaceuticals, construction, machine tool manufacture, etc - should decline or disappear? Or was it just the case that the City and other wealth-holders got rich out of selling off our industries, converting their land assets to property development and speculation, etc? Did it also suit the suits that a by-product of decimating our industries was a decline in the power of the unions and the working classes?

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Mervyn King slams banks for putting profits before people and preying on the vulnerable
Read more: http://www.dailymail.co.uk/news/article-1363235/Mervyn-King-slams-banks-putting-profits-people-preying-vulnerable.html
The Governor of the Bank of England has slammed high-street banks for preying on the 'gullible or unsuspecting' and urged them to take a longer-term approach to their business and not simply try to 'maximise profits next week'.
Mervyn King also warned Britain risks suffering another financial crisis unless fundamental reforms of the profit-obsessed banking sector are pushed through.
He said problems still remained and 'imbalances' in the system were 'beginning to grow again'.
The intervention, in an interview with the Daily Telegraph, comes as a Government commission is considering whether financial institutions should be forced to separate retail and investment banking arms.
'We allowed a (banking) system to build up which contained the seeds of its own destruction,' Mr King said.
'We've not yet solved the 'too big to fail' or, as I prefer to call it, the 'too important to fail' problem. The concept of being too important to fail should have no place in a market economy.'
Asked if there could be a repeat of the financial crisis, Mr King said: 'Yes. The problem is still there. The search for yield goes on. Imbalances are beginning to grow again.'
Mr King suggested that the culture of short-term profits and bonuses could be to blame for the issues. Traditional manufacturing industries had a more 'moral' way of operating.


Do banks prey on the 'gullible or unsuspecting'? Are banks completely amoral and immoral? Do bears shit in the woods? Is the Pope a Catholic?

There's NO WAY that a regular person can be anything other than gullible and unsuspecting in its dealings with the banks. A bank will contact a 'customer' to tell them about its latest 'financial product' that offers a return of, say, 4%. Do they tell you that they will then take your money and make 20% and sometimes 50% interest from it? Er . . . no.

Our entire financial and economic system is now geared towards making outrageous profits from their dealings with the 'gullible or unsuspecting'. This is not my opinion - it's a fact. When someone like the governor of the Bank of Bloody England says it's so - then it's so. The only surprise is that Mr King takes it upon himself to speak truth like this. Maybe he's just afraid that if he doesn't 'out' himself and proclaim his views publicly then Wikileaks or some other whistleblower will eventually do it anyway.

Clearly Mr King is surprised that people haven't yet taken to the streets to demand social and economic justice. In Egypt, Tunisia and Libya the people have not only woken up to the fact that the kleptocrats have stolen all their national wealth - they're trying to do something about it. Here in trickle-down Britain most people have a roof over their heads, a TV, a sofa, enough money for food and fags - so why rock the boat? "What good would it do anyway?"

Here in Britain there's no sense of class or social solidarity, no belief, no hope, no optimism, no ideallism. At least we have democracy, eh?

Indeed we do. The kind of 'democracy' that gives us the kind of government that nobody voted for, nobody wanted, nobody needed. A government that's using the neo-conservative Shock Doctrine ("We have to do these things! The country's in a mess!!) and neo-liberal economic theory to asset-strip the remains of the national wealth, to marketise health and education, to turn our entire country into a privatised, profits-driven entity where all power and wealth is concentrated in the fewest possible hands, with most bonuses and profits safely deposited in overseas accounts and tax havens - way beyond the reach of those who would see justice in taxing them and allowing them to be used for the good of the nation as a whole.

An interesting idea that's come from the North African revolutions and revolts is that you don't need to be a Marxist or a communist or even a trade unionist in order to see through the existing social injustice and demand proper democracy and a decent life for everyone. It's not clear as yet whether the people of North Africa will realise their ambitions, but common sense (aka spiritual intelligence), and not political theory, unites them and makes them willing to become activists who put their personal wellbeing on the line in a struggle for power, self-government and justice for all.

We'll just have to wait and see how many will turn out to support the TUC-organised demonstrations on Saturday March 26th. It could be the beginning of something significant. I reckon Mervyn King would like it to be so. Maybe he'll be out with a placard himself.

...........................................

Angry at the banks? Of course we are!


Mervyn King misreads the public mood on the bankers. He should look at our Robin Hood campaign


by Bill Nighy


http://www.guardian.co.uk/commentisfree/2011/mar/02/deficit-cuts-banks-robin-hood-tax


When you've been going on about something for a while, it is always satisfying to discover that other people agree with you. I have been arguing for the last year that the banks, hedge funds and other titans of the City of London whose gambling got us into this trouble should pay to clean up the mess they caused.


Now, no less a figure than Mervyn King, governor of the Bank of England, has laid the blame for cuts in public services and welfare squarely at the door of the City. "The price of the financial crisis is being borne by people who did absolutely nothing to cause it."


But King's subsequent comment that he was "surprised that the degree of public anger has not been greater than it has" suggests that either he had a very high expectation, or that he has misread the public mood.


I'm an ambassador for the Robin Hood Tax campaign, which calls for a tiny tax of just 0.05% on every casino-style financial transaction in order to help poor people, reverse public service cuts at home and abroad, and tackle climate change. In this role I've seen how people's sense of fairness has been stretched to the limits by the continued spectacle of huge pay increases and bonuses in big companies while ordinary people suffer. Every time people turn on the television news they are bombarded with stories of job losses, disabled children forced into care, public sector cuts or young people left without a future. Meanwhile one of the country's leading bankers claims "the time for remorse and apologies needs to be over". If there has been any remorse it has escaped my notice. Of course people are angry!

....................................................

Continuing with Oxzen's campaign for economic literacy -

The business press must prove its economic literacy


The media reported the financial crisis and stimulus poorly. Now the story is deficit and cuts, is it equal to the task?


http://www.guardian.co.uk/commentisfree/cifamerica/2011/mar/02/economics-economy


Press reports about business and economics are often not much help to the ordinary reader trying to understand these subjects.


In recent weeks, there have been a lot of stories about how normal people would be affected by the budget cuts, and the media have certainly voiced the argument that reducing government spending is a bad idea while unemployment is [high]. But there is room for more reporting about the larger macroeconomic picture . . .


The concept of a Keynesian stimulus is not immediately intuitive. It would have been nice if there had been more in-depth explanations . . . 

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The dying light of NHS care


My wife received near miraculous care in her final days – until private enterprise intervened


http://www.guardian.co.uk/commentisfree/2011/mar/02/dying-nhs-care-private-enterprise


The NHS had, I later gathered, been obliged to take the second-class service offered by a disorganised offshoot of some US corporation: unsurprisingly its low standards allowed it to undercut Marie Curie's bid for the work. It seemed bizarre that the NHS was manoeuvred by an aggressive privatisation lobby into accepting a clearly inferior service from a company run from a country incapable of organising a health service for its own citizens.

...............................

How often do you see your parents?


With more and more adults finding they're too busy to see their elderly parents, we ask you to share your experiences


http://www.guardian.co.uk/commentisfree/2011/mar/02/visiting-parents


According to the research, more than 10% of 55- to 60-year-olds with parents still living haven't seen their mother or father in the past year, with many of those questioned saying they were simply too busy to stay in touch with ageing relatives.


A third of the baby boomers polled said they felt guilty for not seeing their parents enough and four out of 10 felt that their own children didn't get in touch with them enough either.


...................................

According to Jamie Oliver (and other enlightened souls), “We’re not doing enough for those who fail; they need a more physical, tactile approach, involving people skills, team building, problem-solving, building things. These skills need to be taken as seriously as the sciences.”

TV review: Jamie's Dream School


Forget the pupils, the real problem at Jamie's Dream School is the history teacher, David Starkey


by Sam Wollaston


http://www.guardian.co.uk/tv-and-radio/2011/mar/02/tv-review-jamies-dream-school


There's some very bad behaviour in the history class at Jamie's Dream School (Channel 4). Not from the teens who have dropped out of conventional education with very little in the way of GCSEs, though, but from the teacher, the historian David Starkey.


Poor Jamie, he does his best to pretend this isn't happening. The idea was to get amazing people in to inspire these kids to learn. And what he's got with Starkey is a bigot and a bully, a horrid man who may know about the Anglo-Saxons, but who knows very little about the modern world or about humanity. And a crap teacher, too.


Jamie is really the only one who makes any connection with the kids, respects them and earns their respect back. And also the only one who shows any kind of self-awareness. "We're so used to people being interested in what we talk about," he says. There's plenty to be learned at his Dream School – by the students but equally by the teachers. Like maybe they're not quite as interesting as they thought they were, and that just because you know about something doesn't mean you know how to teach it. 


There's always a hard part at the beginning of Jamie's shows, when he's up against it and against the world. There are tears then and there will be here, too. He always turns it around; I'm sure he will do again. But he needs to sort out his staffroom first. And begin by firing David Starkey.

There are some good comments on CiF, including

PhoebusApollo


They should have got Melanie Phillips to teach condescension too.


Why would anybody expect Starkey or Callow to be able to teach? They're not teachers, are they? I'm sure that [Jamie's] pedagogy will work out fine in the end and he'll sell loads of books explaining how he rescued the nation's education system with a few celebrities and his unique brand of Artful Dodger 'charm'.


Failing that Alistair Campbell will be able to teach them how to knock up a dossier that'll allow them to beat up somebody and take their lunch money in just half-an-hour.
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Friday, January 28, 2011

Layer 431 . . . Meditation, Mindfulness, Miliband, Zen, Soros, Davos, Bankers, Bonuses, Boris, Posh Rock and Egypt

.
It's interesting to observe the awesomely mega-rich as they go about their everyday business, especially if they owe their wealth and status to their own intellectual and creative efforts and not to inheritance, theft, corruption or the corporate gravy train.

Bill and Melinda Gates, for example, these days spend all their time and energy running the Gates Foundation and handing out their billions to good causes - most of them working on health issues in the poorest parts of the planet. Bill is a clever, lucky and somewhat enlightened individual who happened to find himself in the right place at the right time at the birth of the (micro)computer age. He's clearly a decent as well as a powerful man who has no need to connive or talk bullshit with anyone.

You can say pretty much the same thing about George Soros, the billionaire financier.

George Soros is a Hungarian-American financier, businessman and notable philanthropist focused on supporting liberal ideals and causes. He became known as "the Man Who Broke the Bank of England" after he made a reported $1 billion during the 1992 Black Wednesday UK currency crises. Soros correctly anticipated that the British government would have to devalue the pound sterling. - Wikipedia

When Soros says something on the subject of finance and economics we do well to listen. He's been speaking about British monetary policy.

George Soros tells David Cameron: change direction or face recession

Mix of tax increases and spending cuts unsustainable, speculator says, as World Economic Forum gets under way

by Larry Elliott

http://www.guardian.co.uk/politics/2011/jan/26/george-soros-david-cameron-recession

The international speculator George Soros warned David Cameron tonight that the government would push the British economy back into recession unless it modified its hardline austerity package.

Speaking in Davos, Switzerland, the hedge fund owner who famously wrecked the reputation for financial competence of the last Conservative administration on Black Wednesday said the mix of tax increases and spending cuts planned by the coalition was unsustainable.

Soros's suggestion that the UK needed a plan B came only hours after Cameron insisted in fierce Commons exchanges with the Labour leader, Ed Miliband, that there would be no change of government policy following the unexpected news yesterday that the economy contracted by 0.5% in the final three months of 2010.

"They will have to modify it when the effects are felt," Soros said. "I don't think it can possibly be implemented without pushing the economy into a recession." Noting that the initial market reaction to the government's tough stance had been positive, Soros added: "We will have to see it unfold. My expectation is that it will prove to be unsustainable."

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Meditation
It's interesting how the use of meditation is becoming more and more mainstream. The Guardian's guide is worth looking at.

An introduction to easy meditation

These three short animations by Headspace will introduce you to the concept
of 'mindful' meditation.

http://www.guardian.co.uk/lifeandstyle/video/2011/jan/20/health-and-wellbeing-fitness

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How to meditate: Overcoming potential obstacles

Everyone who learns to meditate encounters obstacles. Here are some of the most common ones and a few tips on how to deal with them

http://www.guardian.co.uk/lifeandstyle/2011/jan/22/how-to-meditate-tips-overcoming-obstacles

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The Headspace meditation podcasts: Day-to-day mindfulness - audio

First of a series of podcasts explaining how to use meditation and mindfulness to reduce stress and increase concentration

http://www.guardian.co.uk/lifeandstyle/audio/2011/jan/24/headspace-mindfulness

Have you ever wondered how you could live your life with a greater sense of calm and clarity? Perhaps a greater sense of emotional stability?

When it comes to practicing the skill of mindfulness it's all about repetition and being familiar with what it means to be in the present moment.

This short exercise from Headspace will show you how you can use everyday activities to help learn this invaluable skill.



It's all very well using meditation as a means of relaxation, to increase concentration, to decrease stress, to improve emotional stability, etc, but there's no sense here, in these articles, that the ultimate purpose of meditation, or Zen, is to move the individual towards states of greater spiritual awareness and intelligence, and towards experiences of satori and enlightenment.

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Is He A Zen Master?
Ed Miliband is right to keep silent

There are good reasons for Miliband to step back and work on renewing Labour – rather than seek a high profile

by Sunny Hundal

http://www.guardian.co.uk/commentisfree/2011/jan/27/ed-miliband-labour

A frenzy of speculation surrounds Labour leader Ed Miliband. Is his brother coming back? Is Ed Balls planning to move in for the kill? Is he moving too much – or not enough – to the left? Why don't voters rate him more highly?

Lefties complain he isn't doing enough to oppose the government's ruinous agenda, while on the Labour right the usual voices say he isn't doing enough to occupy Tory territory. Is he a Zen master? Does he need more spinners and strategists?

It's absurd. There are at least five good reasons why he should stick to playing the long, waiting game . . .
As I was saying yesterday,

People are starting to understand that we don't want government to be our rulers - we should expect them to do things on our behalf. But first we have to articulate what we really want. It's stupid to just vote for parties on the basis of what they offer in their manifestos. WE have to make demands and expect our elected representatives to act on our behalf.

Sunny Hundal says,

This is the important point. The fightback against the Conservative agenda doesn't necessarily need to be led by Labour . . .
If you're angry about the Tory cuts, as I am, then get organised and mobilise ordinary people to fight back. That will grab attention and will force government ministers to listen, especially if the coalition against the cuts is broad enough (worth noting that the high profile campaign to save UK forests is partly run by Boris's sister Rachel Johnson). There is no reason why the fight against the government's cuts has to be led by Labour; it would be better led by local people from across the country. Don't get angry, get organised.

..........................................

Egypt

In North Africa the people have begun to take to the streets to make their needs and demands clearly known. These are 'popular' movements - and nothing to do with organised political parties or religious groups.

Egypt's Day of Rage goes on. Is the world watching?

The scale of protests in Egypt has shaken a regime that has long relied on citizens' passivity to retain power

 http://www.guardian.co.uk/commentisfree/2011/jan/27/egypt-protests-regime-citizens

Tens of thousands of Egyptian demonstrators took to the streets on 25 January, young and old, Muslim and Christian, rich and poor, educated and not so-educated. They all chanted "Long live Egypt", "Life, liberty and human dignity" and "Down with the Mubarak regime".

The day marked for the celebration of Police Day was dubbed the Day of Rage. The protests, which continued through a second day in almost every part of the country, are showing no signs of abating on the third day, with a million-strong march scheduled for Friday. These demonstrations are sending shivers down the spine not only of the regime but of its friends and allies as well.
For three decades now, Egyptians have been kept on a tight leash, fed more with promises than with bread. They were cajoled into compliance by a media that has the interests of the regime at heart and a religious establishment that owes its allegiance and existence to the state, but were often threatened into submission by the force of the baton if they refused to comply.

Egyptian grievances are numerous. They have seen neither the fruits of peace nor of the huge economic growth that Egypt is reported to be making in international economic indices. What they experience on a daily basis is endless queuing for inedible bread and suffocating traffic congestion as the police force is increasingly burdened with the task of protecting the regime and its men.

There were also demonstrations last month calling for a minimum monthly wage of 1,200 Egyptian pounds (roughly £130). Too much, said the government. It could only promise to institute a minimum wage of 400LE (£43). This is hardly surprising from a government made up of businesspeople who no doubt have a vested interest in keeping wages as low as possible. The spokesmen of the regime shamelessly argued that it was a fair wage to expect.

For some years now, the Mubarak regime has been heading for disaster. With rampant unemployment, soaring prices and a 30-year long state of emergency, its popularity has dropped to an all-time low. But more importantly, it has repeatedly shown its total disregard for public opinion, a disregard that would have amounted to political suicide under any other system.

An obvious example is the rigged parliamentary elections of November 2010, which were perhaps the worst in Egypt's history. The ruling National Democratic party had the audacity to announce that these elections were one of the fairest in Egypt's history. Ahmed Ezz, the iron-tycoon-turned-politician and one of the new guard at the NDP, who is known to have masterminded the electoral operation, triumphantly announced the results. He stated that the landslide victory that secured 98% of the parliamentary seats for the ruling party was the result of its popularity on the streets and the fruit of the hard work of its members.

The initial call for the Day of Rage was made by young Facebook activists inspired by the success of Tunisians in overthrowing Ben Ali. The Facebook invitation for the protests received 95,000 positive responses. Other forces and opposition groups later responded to the call, including the Muslim Brotherhood, whose participation has so far been quite low-key.

For the first time in decades, Egyptian protesters went out in unprecedented numbers across the whole country with one slogan: "People want the regime to fall". They made their demands clear. Mubarak should step down, the illegal parliament be dissolved and emergency law be suspended. The call was for the whole country to rally and unite, and there were no religious chants or slogans.

The reaction of the regime to the protests so far has been pathetically inadequate. It shows that this regime is still in denial. While Mubarak kept his silence, the interior ministry took on the task of communicating with the people, in the only way it knows how to. As it cracked down on demonstrators, it issued statements, banning any further protests and repeating the same old excuses. It blamed the Muslim Brotherhood for what it called riots on the streets and blamed their members for infiltrating the crowds in order to wreak havoc. This is supposed to do the trick of scaring the world about the propsect of an imminent Islamist takeover of Egypt – a fear that the regime has painstakingly been fostering. The interior ministry also blamed the ill-defined but frequently invoked "foreign hands" that are always bent on fomenting trouble and inciting people against their loving and God-fearing rulers. 

I found myself wondering yesterday whether there's a whiff of '68 in the air. It's been a long time since there were worldwide popular protests led by workers, young people and students - primarily against corrupt power elites, warmongering and injustice.

................................................

Davos Watch

It's time for the annual gathering of international the power elites in Switzerland. The whole world's watching, as they said in Chicago, all those years ago. Even more so in the age of 24 hour satellite TV, the Internet and mobile phones.

.................................................

Boris

Having gone in for a fair bit of Tory-bashing recently (!) I have to draw attention to some of Boris's opinions about bankers' bonuses.

Boris Johnson plans bank message at World Economic Forum

http://www.docklands24.co.uk/news/boris_johnson_plans_bank_message_at_world_economic_forum_1_784549

LONDON Mayor Boris Johnson says he will remind banks of their responsibilities when he meets leaders at this week’s World Economic Forum.

“Last year I told them it was time for the masters of the universe to become servants of the people. That is absolutely right and it’s a message I will be repeating this year,” he said.

.............................

Cut 'excessive' bonuses, Boris Johnson tells bank chiefs

http://www.thisislondon.co.uk/standard/article-23796385-cut-excessive-bonuses-boris-johnson-tells-bank-chiefs.do

Boris Johnson today wrote to global banking chiefs urging them to scale back “excessive” bankers' bonuses.

The Mayor said he was “shocked and baffled” the banks had failed to acknowledge public outrage over the multi-billion-pound payouts.

In his strongest criticism to date, he urged the bank chiefs to show “much stronger leadership” on the issue. He told the Standard: “Nobody can possibly defend the huge sums of bonuses being awarded. The banks should not be paying out huge bonuses as though it was business as usual. They have to show they recognise the game changed when the taxpayer bailed them out.”

Mr Johnson suggested the banks should skim money off bonuses to set up a fund to help small and medium-sized businesses in the capital.

“In order for me to champion and support successful financial services, it is crucial that the sector itself demonstrates much stronger leadership.

“Collectively, financial services firms must take much greater account of public opinion and set justifiable remuneration packages accordingly, in the light of the unprecedented support given to the financial system over the last two years.”

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Rock's Gone Posh
There was a feature on R4 this morning about most pop and rock musicians these days having had a private school or stage school education. Very different to the rock rebels of yesteryear. Rick Wakeman spoke about a 'snobbish culture'.

See Layer 367 re Clegg, Cameron and Radiohead.

http://oxzen.blogspot.com/search/label/Radiohead

.

Thursday, January 27, 2011

Layer 430 . . . Posh and Posher, Public Schools, Grammar Schools, Government, People Power and Spy Power

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Working class men and women used to be in Parliament, but not any more. These days you need to be something like the son or daughter of a church minister, preferably with a first class degree in politics, philosophy and economics, or law; preferably from Oxbridge.

So said Oxzen in Layer 428.

Andrew Neil presented an interesting and serious programme on politics this week -

Posh and Posher: Why Public School Boys Run Britain

http://www.bbc.co.uk/programmes/b00y37gk

David Cameron and Nick Clegg seem made for each other: Eton and Oxford meets Westminster School and Cambridge. But does the return of public school boys to the top of our politics say something worrying about the decline of social mobility in Britain?

Andrew Neil goes on a journey from the Scottish council house he grew up in to the corridors of power to ask if we will ever again see a prime minister emerge from an ordinary background like his.

In this provocative film Andrew seeks to find out why politicians from all parties appear to be drawn from an ever smaller social pool - and why it matters to us all.

Dear Andrew! What a wanker.

Just like the public schoolboys he interviewed for the programme he thinks life is all about "competition", and getting to "the top". Therefore his answer to increasing 'social mobility' is to create more and more highly selective grammar schools.

You can't fault his logic, really. Bring back selection, hot-house more of the working classes and middle classes, get more of them into Oxbridge, get more of them studying PPE, and get more of them into Parliament. Brilliant. What's more, (ex-working class) wanker Tony Parsons agrees with him. Such a pity their logic is based on false premises.

Their thesis seems to be that you can't change the system - and what's more all the main parties will continue to want MPs who have been to Oxbridge, studied PPE or law, moved on to being "special advisors" for MPs, and put themselves up for selection for safe seats. Therefore we need to create more confident, more academically successful young people from 'ordinary' backgrounds (ie non-public school) who can 'compete' for the right to go down that route.

These dopey fuckers don't even realise the many contradictions in what they're proposing. They don't approve of Parliament being full of elite toffs who know nothing about real people - therefore they say we should use selection at the age of 11 to create a non fee paying elite of 'ordinary' people who will go to Oxbridge and go forward to become our political elite - who then may or may not identify with the communities they came from, and may or may not represent their interests adequately.

These guys can't even conceive of a Labour party (let alone a Tory party) that chooses people for safe seats on the basis of being rounded, experienced, enlightened human beings who are in touch with the real world, and have a decent value system, rather than arrogant Oxbridge graduates with PPE degrees.

All credit to Neil for questioning the existence of a Parliament full of toffs, millionaires, ex-public schoolkids  and Oxbridgeites - but null points for wanting a Parliament full of grammar school educated Oxbridgeites.

Next thing you know these people will be recommending selective breeding as well. Fucking working class Tories.

Interesting that Parsons dropped out of his Essex grammar school when he was 16, according to Wikipedia. Maybe he got bored with it, or frustrated with academia. Maybe he just needed to earn a living. Or maybe he just saw himself as a bit of a rebel, fancied a bit of a rock & roll lifestyle, and fancied his chances as a self-styled "hip, young gunslinger".

........................................................


Katharine Hamnett CBE was on Newsnight last night, arguing that our forests should stay in public ownership.

"Why do you want the government to own the forests?" asked the presenter.

Hamnet shot back, "NOT the government! The forests are OURS! They're not the property of the Labour Party or the Conservative Party - they're ours!"

The presenter looked gobsmacked. But this is the real point. People are starting to understand that we don't want government to be our rulers - we should expect them to do things on our behalf. But first we have to articulate what we really want. It's stupid to just vote for parties on the basis of what they offer in their manifestos. WE have to make demands and expect our elected representatives to act on our behalf.

People argue that the banks, for example, shouldn't be nationalised, on the grounds that governments are crap at running banks. More false logic. We don't want the government to run the banks - we simply want and need the banks to belong to we, the people, and it's then down to us, by whatever means necessary, to appoint the right people to run them. If the banks are now too big to fail, which they clearly are (as Robert Peston has shown), and far too powerful for governments to control, then we need to take control of them, and make them work for the long term benefit of the country as a whole, and not just their shareholders.

As for governments doing the bidding of their people, events in Tunisia and now Egypt are showing what can happen even in the most repressive of societies when people start to stand up and make demands. It was the same in Eastern Europe some time ago. Non-violent people power can cause massive political and social change, when governments are seen to be illegitimate.

Nobody asked for our country to be run by a load of toffs and bankers. It's now up to David Cameron, who I still think would ideally like to be a One-Nation Tory, to demonstrate that his is a government of the people, and for the people, even if it isn't by the people.

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The News Corps phone hacking scandal is hotting up. We now have police officers investigating why other police officers failed to investigate the hackers and the hackers' paymasters properly. They will also have to look into whether police officers were receiving money from journalists and newspaper groups. The stench of corruption hangs heavy in the cold winter air. Rupert Murdoch has even cancelled his Davos jaunt in order to direct strategic operations aimed at salvaging the image of News Corps, such as it is.

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Curb the banks? The government has propped them up at every opportunity

Here's the story of how Cameron and Osborne secretly tried and failed to kill tougher European rules on bankers' bonuses

by George Monbiot

http://www.guardian.co.uk/commentisfree/2011/jan/24/curb-the-banks-government-propped-them-up

It's bonus season, the time of year when bankers show us what they really believe. As soon as they get their money, they spend much of it on land and houses. They know that these are safer investments than the assets in which they trade. If they trash the economy again, they at least will survive.

This year the frenzy will be almost as bad as ever. But it could have been worse. Here is the story, revealed by a leaked document, of how our government covertly tried – and failed – to kill tougher European rules on bankers' bonuses, and how the chancellor of the exchequer appears to have misled parliament.

The prime minister and the chancellor have been playing a double game. They claimed they wanted to tame the banks. In reality, they were protecting them. They never meant to address the economic polarisation of this country, or to check the incentives which caused the last crash. Their intention was always to pamper the rich and to make the poor pay for their follies. As the leaked document shows, the Conservatives are ready to risk the whole economy to help the filthy rich get richer.

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Tuesday, January 18, 2011

Layer 423 . . . Britain's Banks, Fear and Loathing, Excess, Failure, Greed, Justice, Peston, Sandel, Hobsbawm, Citizenship, Spiritual Values, Ethical Questions, and How To Change The World

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The film Battle in Seattle was shown again on TV last week. An excellent, but enraging piece of work.

http://www.youtube.com/watch?v=YmQzw-O8eRY

http://en.wikipedia.org/wiki/Battle_in_Seattle

The film depicts the historic protest in 1999, as thousands of activists arrive in Seattle, Washington in masses to protest the WTO Ministerial Conference of 1999. The World Trade Organization is considered by protesters to contribute to widening the socioeconomic gap between the rich and the poor while it claims to be fixing it and increasing world hunger, disease and death.  - Wikipedia

 


I'm now watching a documentary on BBC2 about bankers and banking.

Britain's Banks: Too Big to Save?

 http://www.bbc.co.uk/programmes/b00xwsl5

It's more than two years since the giant banks were bailed out with billions of pounds of tax-payers' money, yet little has been done to reform or regulate these vast institutions. The BBC's business editor Robert Peston looks at how the international regulators, a little-known and secretive committee that sits in the Swiss city of Basel, have consistently failed to curb the excesses of the giant banks and how new proposals fall short of the root-and-branch reform promised after the crash.

With the fate of Ireland, brought to its knees by the excesses of its banking industry, fresh in our minds, Peston asks whether Britain would be in any position to bail out our huge banks should there be another crisis. Are the banks, once thought to be too big to fail, now actually too big to save?

This programme is well-conceived, well edited, and well presented. Respect to Peston.

I'm hearing about greed, deception, huge profits, ludicrous levels of risk, corruption, foolish politicians, crazy levels of credit, property booms and bubbles, aggressive takeovers, casino capitalism, cut-throat competition, immoral bonuses and salaries, fraudulent practices, complex financial 'products' (that no-one can really understand or explain), ruthless heads of banks, insane pressure on individuals to engage in reckless investing and trading, and so on.

None of this will be news to anyone who's been paying proper attention over the past two years or so. But that doesn't make this sort of documentary any less infuriating. Pure hate and fury - for the disgusting bankers, the complacent and compliant politicians, the lazy bureaucrats and the so-called regulators - all of them university educated and apparently pillars of our society. So much for so-called higher education. So much for cleverness, wisdom and enlightenment. This is their world. This is the way they have made it, and the way they want to keep it.

Even the governor of the Bank of England now says that we have the worst possible banking system. So does our government plan to do anything about it? Does the Labour party have any proposals for radical change?

The banks are too big, too complicated, too interconnected, and too powerful, says Peston. They're also too big to save if they fuck up. The first one that goes down now will take the rest of us down with them.

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Layer 167 deserves another read, especially for the comments by boonery and guardianreeda.

 http://oxzen.blogspot.com/2009/06/layer-167-browns-preservation-market.html

The other reason for revisiting that piece is for the notes on Professor Michael Sandel on New Citizenship, spiritual values and ethical questions.

Prof Sandel was on Start The Week this week,

http://www.bbc.co.uk/podcasts/series/stw

Start the Week focuses on justice, fairness and ethical dilemmas. Leading Marxist historian Eric Hobsbawm argues that Marx remains as relevant today as in the last century. The American academic Michael Sandel looks at the philosophy that underpins notions of justice.

Prof Sandel spoke about justice, utility, rights, freedom and virtue. Fundamental questions about the good life and the meaning of virtue.

[In the 1960s we had heated debates about visions of competing philosphies.  Ha!  We were naive enough to imagine that truth and justice would prevail, when all that really mattered, as ever, was the reality of power, which always trumps justice and truth! ]

Sandel spoke about the Tories' Big  Society   -  does it really address questions about the common good and the good life?

Fundamental questions always raise the deepest passions - questions of virtue and the good life. Questions about freedom, rights, etc.

Eric Hobsbawm talked about criticisms of Bentham's Utilitarianism and Kantianism.
Also about the Importance of community and solidarity.
Large modern societies make decisions on common values very difficult.
Social contract? Morally engaged debate? Choices about what motivates us individually?
Public v private good. Civic visions.

Do our citizens seriously engage in debate about the big issues?
The fucking Labour party even closed down any serious debate about policies within its own ranks of engaged citizens!!!

Eric Hobsbawm's new book is called How to Change the World.He points out that Social Democracy is just as much the child of Marx as revolutionary socialism.
How to change 'human nature'?
How to run economic policy and practice?
1848 Communist Manifesto.
Marx is always 'rediscovered' after the occurrence of the capitalist crises that he predicted.
The historical inevitability of the rise and fall of capitalist and bourgeois societies.
First globalised capitalism, then a transition period, then post-capitalism.

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It seems to me that China - since it is a society with a tradition of deep intelligence and civic engagement, had its revolution in 1949 and has since progressed to post-capitalism because it has managed and controlled capitalism for the benefit of the country as a whole, ever since the revolution.

Arguably, the Soviet Union collapsed because the USSR wasn't a country as such, and therefore Russia was always seen as illigitimate, imperialist, and non-democratic.

Aside from Tibet, there has never been any question in China about Chinese nationalism and the legitimacy of China's version of democracy. Neither is there an great appetite in China for bourgeois democracy. Ideas about social justice, equality and a good life for all citizens are still predominant. We can contrast this with the situation in the USA where ideas about so-called freedom for individuals, extreme individuality, individual enrichment, the American Dream, rags to riches, the right to bear arms, low taxation, etc, are predominant.
Europe and South America are still battlegrounds for competing philosophies of both left and right. As are India, Australia, Africa, Canada, etc.

http://www.guardianbookshop.co.uk/BerteShopWeb/viewProduct.do?ISBN=9781408702871

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Someone on a science programme this week pointed out that ever since the Big Bang the general state of the universe is for things to get ever cooler and colder. There have been, and there will continue to be, fluctuations in the climate of this planet, but in due course the sun will cool, the planets will cool, and the solar system will cease to be.

Whilst the Big Bang of deregulation in the City initially caused intense heat and expansion, can there be any doubt that the long term trend will be for contraction and the collapse of the financial system?

Thankfully, human affairs are not governed by the laws of physics, and we can control how our system operates - if we have the political will. However, left to their own devices, who can doubt that the bankers and the other City fat cats will continue to cause the system to overheat and then implode?


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Eric Hobsbawm: a conversation about Marx, student riots, the new Left, and the Milibands

As he publishes his latest book, 93-year-old historian Eric Hobsbawm talks communism and coalition with one of Britain's newer breed, Tristram Hunt, now a Labour MP

The global crisis of capitalism, which has wreaked havoc on the world economy since 2007, has transformed the terms of debate.

Suddenly, Marx's critique of the instability of capitalism has enjoyed a resurgence. "He's back," screamed the Times in the autumn of 2008 as stock markets plunged, banks were summarily nationalised and President Sarkozy of France was photographed leafing through Das Kapital (the surging sales of which pushed it up the German bestseller lists). Even Pope Benedict XVI was moved to praise Marx's "great analytical skill". Marx, the great ogre of the 20th century, had been resuscitated across campuses, branch meetings and editorial offices.

So there seemed no better moment for Eric to bring together his most celebrated essays on Marx into a single volume, together with new material on Marxism in light of the crash. For Hobsbawm, the continual duty to engage with Marx and his multiple legacies (including, in this book, some fine new chapters on the meaning of Gramsci) remains compelling.

And after one hour of talking Marx, materialism and the continued struggle for human dignity in the face of free-market squalls, you leave Hobsbawm's Hampstead terrace – near the paths where Karl and Friedrich used to stroll – with the sense you have had a blistering tutorial with one of the great minds of the 20th century. And someone determined to keep a critical eye on the 21st.

http://www.guardian.co.uk/books/2011/jan/16/eric-hobsbawm-tristram-hunt-marx
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