I don’t believe it is too cynical a perspective that leads me to comment on the crass and transparent scapegoating manoeuvre the Government has just pulled in de-frocking Fred Goodwin the day after coercing Stephen Hester to turn down his bonus. How tiny in significance are these 2 factors in comparison with systemic failure and corruption inherent in the monetary/market economic system?
They have seriously underestimated the intelligence of today’s internet-enlightened population
They have seriously underestimated the intelligence of today’s internet-enlightened population if they believe we can be fooled into thinking the economic crisis could be blamed of the irresponsible behaviour of one company.
Fred Goodwin’s dealings are a natural symptom, not a cause of this crisis.
The real criminals are the ones who still try to assure us that this socio economic system can ever serve the interests of those whose are still being conned into working and stressing so hard to keep it in motion. Irrespective of Nation, or governing political ideology, the monetary system is a Ponzi scheme which is imploding irreversibly under its own fatally flawed mechanisms. Only a comprehensive redesign of the entire human civilisation can pull humankind back from the brink of extinction – one in which the obsolete monetary system – the fatal barrier to our very survival has been removed. Only then can a more mature, collaborative human race move towards an ecologically sustainable kind of economy, which is already technically capable of halting the climate crisis and wiping poverty and malnutrition off the face of the Earth. Albert Einstein once said ‘we cannot solve problems by using the same kind of thinking that created them’