Sunday, June 14, 2009

no regrets, no apologies, no contrition- just fuckyounomics as usual

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As claims of the end of the recession continue to sound, the city is reasserting its philosophy of regulatory elimination, the rejection of transparency and removal of oversight. These policies were clearly largely responsible for the current fuckyounomic crisis. So how do they justify this astonishing resistance to reform? The weakness of the government undoubtedly plays into their hands. But what about the people? The electorate? The victims of fuckyounomics? Why are people standing by and letting this happen? Who, for one second, imagines that letting the financial system slip back into its inscrutable, unacountable ways would be the right direction for society to move in? Once again the ignorance of the electorate is going to be the direct cause of its own exploitation.

John Lanchester explains, in wonderful detail, why the bankers shouldn't be allowed to get away with it and what we're going to have to do to avoid years of depression. (via Craig Murray)

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