What’s you view on the economic collapse that we are see today?who do you blame.
- Were the Labour Government at fault for its lack of regulation on the Banking sector.
- Are the Banks to blame for allowing access to easy money,offering credit to those that were unable to pay back the debt.
- Is it to easy to declare bankruptcy to take out the easy option and start next week under a new name.
- Are we to blame for being like the Joneses and wanting what next door have without the ability to pay for it.
- Is credit to easy to get.
- Do we live in a society were this is to be expected like a roundabout.that what we are seeing comes around in cycles.
- Should we protect are markets.
- Is the European market working.
- Are we not producing the goods people want to buy
- Are we living above our means as a Nation.
Do you have a view?
1.Were the Labour Government at fault for its lack of regulation on the Banking sector?
Banks and Multinational Corporations are out of control and think they are above the law. It’s sick private companies were bailed out when the poor are being murdered by reckless abandonment. “New Labour” was a continuation of the previous Tory regime and the Coalition is an update of New Labour (their manifesto is remarkable familiar to that of 1997!). Both tribes put the interests of private greed over public need.
2. Are the Banks to blame for allowing access to easy money, offering credit to those that were unable to pay back the debt?
It’s a crime that those who really need to get credit can’t get it. “Credit Ratings” should be outlawed, what are disgusting way of placing value on a human being. I find it despicable a computer is allowed to decide us how much it thinks we are each worth.
I mean, imagine going to set up a ‘community bank account’ for say, a local political party, not requiring a penny of boring or even a cheque book, only to be refused! – Let alone getting a credit card and blowing all the cash on something fancy.
No Credit = No chance of renting off most private landlords (most use scoring) no contract on your home phone, mobile, refused cable or Sky Tv, insurance, mortgage.
There are a few ‘ethical’ and sensible banks but they are outnumbered by legal loan sharks like BRIGHTHOUSE and catalogue companies offering 2000% APR to people who are desperate and vulnerable.
3. Is it to easy to declare bankruptcy to take out the easy option and start next week under a new name?
Everyone deserves a second chance. Most systems are open to abuse but I think that’s a myth most people go bankrupt to deceive or cheat the system. I know of an few dodgy people who have done this but they are professional crooks and that’s down to trading standards/companies house to stop them.
I think it costs about £30,000 for an individual to declare themselves to go bankrupt (some of it you need to pay upfront!). The state even makes money out of it – even if someone’s debt is just a couple of thousand.
The real bankrupts are the banks themselves.
4. Are we to blame for being like the Joneses and wanting what next door have without the ability to pay for it.
Materialism may be a human trait but I think capitalism is designed to embed greed into us at a young age. Christmas is the perfect example of how insane and socially destructive this process is.
The average Britain acquires roughly £750 of debt at Christmas. Eventually we want to be more like ‘the Joneses’ next door, but we end up creating a bigger divide in the long run.
5. Is credit to easy to get?
Debt is easy to get.
You don’t need to take out consumer credit to get lumped with it either.
Small businesses can’t get a penny off their banks, despite all the Government promises.
The rich get all the special offers but if you are refused personal credit then a more dodgy company will happily give you some – but rip you off at an inflated rate. Economic discrimination, this is gross exploitation. They don’t care who they hit – pensioners, the disabled, you name it.
It’s all numbers on a database and not a material reality. Debt = economic enslavement. We need to reject, it even if you need to indulge in a bit of credit in order to survive. People’s quality of life comes before the economic survival of a huge financial institution’s profit margins.
6. Do we live in a society were this is to be expected like a roundabout.that what we are seeing comes around in cycles?
Yes I believe human history repeats itself, every generation makes similar mistakes to the last (as well as achievements to be fair).
Global economic cycles are planned decades in advance, but It doesn’t have to be this way if we overcome Capitalism.
7. Should we protect are markets?
To be honest I don’t know enough about economics to answer that. My gut instinct is to say yes but with conditions on conduct and ethics.
8. Is the European market working.
I don’t think any of the market economies to work for the benefit of the people, only an elite few.
9. Are we not producing the goods people want to buy?
I think Britain’s export ability is pretty grim. Those desperate trade delegations to Asia proved that, so no.
But – Do we really need to in order to prosper? We need to be self-sufficient as an island, and think about producing things the world really needs.
10. Are we living above our means as a Nation?
Without a doubt, there are few resources to support the demands of the society we live in now so yes, but it is down to economic inequality.