Andy Carling, writing in New Europe.
Our leaders have, on left and right, pushed for an unregulated financial market, not realizing that if you let a bunch of psychopathic coke fiends loose with everybody’s money, it will end in tears.
Oh, I think our leaders knew quite well what a unregulated financial system would lead to, which would be vast enrichment for themselves and their class paid for by everyone else.
A consequence of the EU response… was to create a vacuum of leadership, allowing Germany and France to dictate a policy of brutal austerity over 500 million people.
Pushing austerity and savage budget cuts has led the citizens to feel that they are the ones being punished – and it does feel like punishment – for the sins of the bankers and the political establishment.
You can’t build a lasting union if the poor and powerless are the ones who pay for the incompetence and worse, of the rich and powerful.
In a book about Vegas in the 1950’s, the authors quote a FBI agent who said, the mobsters aren’t smarter than everyone else , it’s just that they’ll do things the rest of us won’t. I would say that applies to most of the international banking system. And they are the enemies of the rest of us.