Privatising RBS is the dumbest idea going

Recently I wrote about the need for the government to have a greater stake, say or control in the banking industry. And, just to spite me, the Chancellor has gone straight against my advice.

You see, he belongs to a certain ilk of wealthy idiots who religiously follow neo-liberalism, the teachings of Thatcher. They are, in effect, her disciples. Now, when David Cameron said that ‘we are all Thatcherites now’, he meant that in a good way, but in the real world, the effects of neo-liberalism are most certainly not good.

When a British Chancellor privatises the little stake he has in a key industry, especially at a time of economic doldrums, he sacrifices our last chance for a recovery without a people’s revolution.

We needed RBS to invest in small businesses and communities, not carry on as the irresponsible, ghastly lumbering giant of vice that it was before the crash. I was always one of those who proposed that the Chancellor use any technique possible to bring the banks to heel, and to use them as vehicles of prosperity, but instead, he is handing it over to the not-so ‘safe-hands’ of the Trans National Capitalist Class.

Why shouldn’t we look to them? After all, it’s not as if they were the ones that caused the crash in the first place, by gambling away billions of pounds of working people’s money, in a sickening carnival of casino capitalism.

I want George Osbourne to know that I take this as a personal slight, and I will not forget, nor forgive this insult.

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2 thoughts on “Privatising RBS is the dumbest idea going

  1. kenpruitt666 June 23, 2013 / 4:51 am

    Unfortunately for you, your writings are all but tripe. I’ll show you.

    “You see, he belongs to a certain ilk of wealthy idiots who religiously follow neo-liberalism, the teachings of Thatcher. They are, in effect, her disciples. Now, when David Cameron said that ‘we are all Thatcherites now’, he meant that in a good way, but in the real world, the effects of neo-liberalism are most certainly not good.”

    The term wealthy idiot is almost an oxymoron since those who’re truly stupid don’t have wealth for long. Hence the old saying, “A fool and his money are soon parted.” To give you a real-world example, Kim Kardashian is going broke.

    http://www.celebdirtylaundry.com/2013/kim-kardashian-kris-jenner-broke-millions-in-debt-photo-star-magazine-0522/

    “When a British Chancellor privatises the little stake he has in a key industry, especially at a time of economic doldrums, he sacrifices our last chance for a recovery without a people’s revolution.”

    Whatever prosperity a country has is in spite of the government, not because of it. You’d do well to remember that the government doesn’t actually (and can’t for that matter) produce anything with it’s own capital. For it to have any sort of capital to work with, it absolutely must take said capital out of what has already been produced by the other actors of society has produced through taxation. The money that is taken in taxes is money that the people who produce can’t pay in wages. Simple logic proves this to be true; the money that you spend today is money that you can’t spend tomorrow. You can’t spend $500 on a new game station and then turn around and spend that same $500 on a motor scooter.

  2. MarxistMax June 23, 2013 / 9:25 am

    I want you to know that I’m allowing your thoughts for these two reasons:
    a) People should be given the ability to express their thoughts no matter how nonsensical their thoughts. (i.e. YOU)
    b) I’m sure it will be bantalicious.
    My reply is this:
    There are plenty of wealthy idiots. If you think that capitalism is a slick, working machine which instantly removes money from the hands of idiots then you are an idiot. The private school system blatantly provides future financial security for idiots simply because their parents were wealthy.
    In reply to your second point: The government can stimulate the economy through subsidies and bail outs, it got America out of the Great Depression and it can get us out of the recession. Banks create money from thin air all the time, I’m not even proposing that the government can do so, or should do so, I’m proposing that they stimulate the flow of money in our economy by being the first to invest.

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