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Search forMoney meltdown is signal for MPs to act
Wednesday, November 19, 2008, 08:00
I fear more the likelihood of the world at large waking up to the stark reality of capitalism's fatally flawed financial system.
The warnings of Karl Marx and predictions of Friedrich Engels have been totally disregarded by the bankers' media cohorts in the panic to disguise the symptoms of the meltdown in world lending practises as due to anything other than a glitch.
Now, after pledging hundreds of billions of pounds of our money to shore up the casualties among those guilty usurers, our Government sits chewing fingernails with the rest of the population in the waiting room while the money-men seek to contrive the most profitable atmosphere in which to speculate regardless of risk.
Government will never accept that greed pays no heed to need. The banks will not readily pass on any of the benefits afforded them by the social-minded, naive politicians. Under cover of the excuse that they must be wary of who or which might survive, the banks have realised they have the perfect environment in which to cherry-pick the assets of those debtors that they choose to send to the wall.
Free-market advocates speak of this as a time of natural selection, survival of the fittest, the weak to the wall. Interest rape is rampant in the housing and small-business market.
The law of the jungle does not compare to a civilised society in which capitalist predators and vultures have devised systems of preying and scavenging that are protected by man-made laws from natural response and retaliation.
This is wake-up time for us all. We should demand of our lawmakers that we no longer be compelled to tolerate a system in which the moneychangers are permitted to regulate the flow of the very lifeblood of our society in pursuit of their own selfish ends. Over to you, Parliament!
Brian L Viner South Cerney Gloucestershire
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