The Three Major Political Parties In the UK Haven’t Got A Clue What To Do About The Economy. So They Lie About It
Ben Delicious writes from London: Now that the silly season of annual political party conferences has ended, we can draw a pretty unpleasant conclusion about the Lib Dems, Labour and the Conservatives: all three have demonstrated that they haven’t got a clue about solving the mess in the economy and, even more disturbingly, are prepared to lie about the real reasons why Britain got into a recession and can’t get out of it, using fancy lingo and dodgy stats.
None of the party leaders, be it Nick Clegg, Ed Miliband or David Cameron, have had the guts to point their finger at the real culprits: the banks, which have not only gambled or misused huge amounts of investors’ money but also conspired to receive a gigantic bailout that has been used to cover up the black holes in their books and has never reached the real economy. That is the main reason why the recession is still raging, cunningly presented by politicians as a sluggish recovery, with the help of government funded statisticians, who by now have learned to juggle the figures to perfection. Not forgetting the Bank of England, of course, and its absolutely unbelievable statistics on the rate of inflation and meaningless base rates of interest. (Show me at least one lender that pays any attention to the BoE base interest rate of 0.5 per cent.)
Which brings me to lenders, who have been charging tens of millions of people extortionate rates and strangling consumer demand, and as a result, the recovery. Not one of the three major parties has raised the issue of capping the outrageous interest rates charged by credit card companies and sub-prime lenders. In fact, it was during the recession that pay day loan companies sprang up all over the place, charging people more in interest on their loans than illegal loan sharks and even drug cartels. This started on Labour’s watch and it is still going on now, under this monstrous hybrid called ‘the coalition’.
Not a single politician during the three useless conferences told it like it is: lenders are working against the economy, making huge profits on the grief of millions and have to be restrained in order to relieve the burden on the consumers. All the three parties and their inglorious leaders were talking total rubbish about their scenarios of the recovery that will never come while the people are struggling to repay enormous personal debts to unscrupulous lenders. In fact, Red Ed of Labour didn’t really bother to tackle the economy in his disastrous speech and Clegg and Cameron did not offer anything of any usefulness either, not having the guts to suggest that bankers and lenders need to be told to stop undermining the economy and destroying lives.
And another thing the three leaders and their parties did not have the guts to mention: that the investors, who have pumped hundreds of billions into communist China, have effectively destroyed many national industries, simply because they made more money by getting Chinese slave labour to produce shitty cheap goods that flooded the British market and knocked out hundreds of thousands of businesses. No problem that the goods were of low quality. The greedy bastards from investment and hedge funds were on a roll.
And one last point: if any of the major parties were serious about the economy they would have suggested that a cabinet post should be introduced of a minister in charge of small and medium businesses, with a budget that could actually make a difference. As for Labour, it has an instinctive dislike of small businesses, seeing them as too conservative for their taste, and the New Tories have no idea that small and medium business are actually the backbone of any sound economy. As for the Lib Dems: well, they are a party of loonies who basically have no idea about anything and should not have been in politics in the first place.
So what’s the solution, you might ask. A military junta would probably be more effective in sorting out the economy. This current lot is hopeless.