THE NEW AGE OF ROBBER BARONS.

The twenty-first century although at first sight a move away from the old twentieth century is in significant ways looking backwards a hundred years and more to the vast inequalities which existed before the First World War. In Britain and the United States which appear to be joined in a three-legged race to get back to a dismal vastly unequal society, economic theories and political ideology have joined forces to deregulate and allow the financial sector to set its own limits, or absence of limits, so that a tiny percentage, 0.01% of the population will get rich beyond their wildest dreams. The 99% will find their wages and salaries held down and Pensions trimmed back to level of food and shelter, no holidays, no trips out, no cafe luncheons, no fun spending at all. In the UK the firemen have just been on strike, the teachers and lecturers, the civil servants and the majority of workers in the NHS are all concerned about the extension of hours of work and the cutting back of pension rights. This is in fact the main aim of privatisation, to get a non-unionised work force. So further limits will be easier to impose, so we have Academy Schools, privatised services for the NHS, details of workers out-sourced to private companies, many of which originated in the US and privately run prisons. All supported by British tax-payers but to whom they have no accountability. Most importantly the government cannot be held accountable as these are private firms for example Serco and G4S and others.
These developments are not natural organic growth they are the deliberate decisions of small groups of men acting not on behalf of the country but in the interests of a small elite group who think only of their own personal enrichment utterly without thought for the health and prosperity of the country as a whole. It is possible to make other decisions,all we need is the will to do so.

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One thought on “THE NEW AGE OF ROBBER BARONS.

  1. We have had all the nasty side-effects of Thatcherism because we had our own form of neo-liberalism,Rogernomics, named after Roger Douglas back in the late 80’s. So far theey are, this time, leaving pensioners alone. I think we are on 65% of the average wage, though that doesn’t seem right? We have an election in about 7 wks which is looking towards a third three year term for John Key. But we could still stop him getting the numbers,at least 46% of the vote.The combined Left could still stop him. He is only in power because of some minor parties. forming a coalition. God help us, I say if he gets back in. I’ll write about that on ‘Peters Place’ closer to the election.

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