Ok there are a few issues here:-
1)What are the credible solutions to the problems.
2)What is the agenda of these protesters.
3)What were the causes of the earlier problems
Answers
1) Well, forcing banks to be more accountable, transparent and responsible after receiving bail-out money is fine.
Providing incentives for banks to move derivs onto clearing-house systems potentially makes sense. ( It may be a way of preventing defaults)
A Tobin Tax on ALL financial transactions - including clearing house trasnactions? This is horrific, jawdropping nonsense. Its like curing poverty by firing nuclear missiles at it.
2)Their agenda? Well, these aren't quite the sweetness and light individuals u may believe them to be. Gates was nothing more than a corporate monopolist bully using America's might to force people into a product derived from better FREE products. He'd LOVE the idea of stopping others joining the billionaire ranks.
Soros isn't much different these days.
Look at the ones in London. Its trust fund toffs. Lazy buggers who cant be bothered to understand the system, because they get an income from Daddy, and they dont need to work.
3)The cause WASN'T the fact we have liquid and sophisticated financial markets. Putting our young graduates in crap jobs for the past 10-15 yrs hasn't helped the West. Exporting our jobs and capital to China hasn't helped the West. Costly invasions of the Middle East, has disgraced the West. In places like Britain we have the antithesis to Capitalism ie people being awarded top jobs because of who their father was friends with - croney Capitalism. Then we have political nonsense like the "one size fits all" Eurozone.
They say the Devil will appear as a mild man promising a cure to our ills.
Well it looks like he's appearing right now. He's blaming our ills what us lot do for a living. The truth is that corrupt Corporativism was ONE cause of our ills. And the bizarrely proposed solution is extreme Corporativism ie FASCISM.
Ooops thats just like China.. but maybe more so!!
1)What are the credible solutions to the problems.
2)What is the agenda of these protesters.
3)What were the causes of the earlier problems
Answers
1) Well, forcing banks to be more accountable, transparent and responsible after receiving bail-out money is fine.
Providing incentives for banks to move derivs onto clearing-house systems potentially makes sense. ( It may be a way of preventing defaults)
A Tobin Tax on ALL financial transactions - including clearing house trasnactions? This is horrific, jawdropping nonsense. Its like curing poverty by firing nuclear missiles at it.
2)Their agenda? Well, these aren't quite the sweetness and light individuals u may believe them to be. Gates was nothing more than a corporate monopolist bully using America's might to force people into a product derived from better FREE products. He'd LOVE the idea of stopping others joining the billionaire ranks.
Soros isn't much different these days.
Look at the ones in London. Its trust fund toffs. Lazy buggers who cant be bothered to understand the system, because they get an income from Daddy, and they dont need to work.
3)The cause WASN'T the fact we have liquid and sophisticated financial markets. Putting our young graduates in crap jobs for the past 10-15 yrs hasn't helped the West. Exporting our jobs and capital to China hasn't helped the West. Costly invasions of the Middle East, has disgraced the West. In places like Britain we have the antithesis to Capitalism ie people being awarded top jobs because of who their father was friends with - croney Capitalism. Then we have political nonsense like the "one size fits all" Eurozone.
They say the Devil will appear as a mild man promising a cure to our ills.
Well it looks like he's appearing right now. He's blaming our ills what us lot do for a living. The truth is that corrupt Corporativism was ONE cause of our ills. And the bizarrely proposed solution is extreme Corporativism ie FASCISM.
Ooops thats just like China.. but maybe more so!!