So, despite all the nonsense spouted by Labour about “rewards for failure”, Darling is announcing – to Parliament, at last – Labour’s package including shares instead of bonuses (aren’t bank shares likely to go up as they’ve been bailed out? If I were a banker, I’d rather have shares than cash.).
Labour loves managing and regulating every aspect of our lives that they can ‘intervene’ in to prevent ‘market failure’ or whatever type of failure they have caused through their regulation and intervention in the first place.
For example, if they hadn’t, in the ultimate betrayal, done away with grammar schools (aided and abetted by the Tories, in their Butskellite phase, under Heath with Maggie as his Education Secretary), we wouldn’t have the problems of social immobility, worklessness etc, that we have now … in which Labour has to, you’ve guessed it, intervene.
In housing, they love setting up ALMOs – Arms Length Management Organisations – to create the illusion of independence, but they run the show anyway.
Mandy’s latest spin, spouted by Darling, is that Banks will be run ‘at arms’ length’ by the Government … sorry, by Labour.
So we’re going to have Arms Length Banking Organisations that can’t take entrepreneurial risks because Labour only takes risks with public money, when they blow it on a madcap scheme thought up by Mandy, Broon and No Darling.
Can we not escape the oppressive grasp of the State?
The Stalinist, or should I say Browno-Stalinist, approach to policy-making appears to be here to stay, until someone finally realises in years to come (say, 2020) that it didn’t work in the Soviet Union and it didn’t work in the Soviet United Kingdom. So we’ll need our own Gorbachev to bring us out of the darkness of the command economy and then we might be able to catch up economically with the true capitalist economies then, i.e. China, India, Russia et cetera.
Some day now we will see it on Sky – “BREAKING NEWS: CHINA TO HOLD DEMOCRATIC ELECTIONS.” And, at that point, we can kiss goodbye to years of progress led by economic freedom, all thanks to the New Stalin – Gordon Brown.
If Marx were not roasting in the fires of Hell (where he belongs), he’d probably be laughing now.
Posted by Mountjoy 15.53
Mountjoy