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"Why aren’t the middle classes revolting?" - The phones3U scandal and the UK telegraph's "road to damascus" conversion
international |
anti-capitalism |
other press
Saturday September 27, 2014 19:04 by fred
The Phones4U scandal has a serious lesson for us all The Phones4U scandal has a serious lesson for us all Why aren’t the middle classes revolting? Now this is from Alex Proud, a right wing UK telegraph journalist and oft defender of the status quo, and not some pinko anarchist radical. Proud even goes further and confesses that "plenty of us" may have been "useful idiots": if there’s a buck to made jacking up your mortgage, or asset-stripping the company you work for, privatising some local service you rely on or selling a publicly-owned amenity you enjoy, they won’t think twice. In fact, they won’t even think once. If they could figure out a way to sell your body from under you, they would. Then they’d get some business school shill to write an op-ed in the Wall Street Journal about how this was inevitable – and how, really, you should be grateful. What can those in control of the Irish economy learn from this. These "financial locusts" will buy up, debt load and sink any vulnerable businesses that they can get their hands on. They will grab up any utility put up for privatisation such as (potentially) parts of the ESB and Irish water, destroy it for their own gain, leaving joblessness and sociialised debt in their wake. And they also love buying up big lots of cheap property, losses on which have been socialised to taxpayers, which they can pay for with 0% interest money printed for them in QE programs by compliant governments, which they can then sell back to those very same citizens at inflated prices in yet another property bubble. Or for that matter thousands of packaged mortgages. Example here: The Government is about to throw 13,000 Irish families to the vultures.- Stephen Donnelly More from Alex Proud: We thought the elite had our interests at heart. The 0.1% must have found this pretty cute. They knew the truth. We weren’t their pals, we were just at the end of the line for the financial blood-letting. Is this the point where those on the right who support the failed ideology of neoliberalism realise that they have been had and that they are on the menu too. Is it finally time now to begin the process of remoulding our morally bankrupt capitalist society into something more humane where the needs of the people outweigh the profit motive of financial locusts? Full Article here: Why aren't the British middle-classes staging a revolution? - Telegraph |