When banks stop lending and the poor say no more

Thursday, April 10th, 2008

Well, as expected my bank wrote back in response to my email with a big fat fuck-off. I have to wait until the end of the court case to determine whether their charges are reasonable or not before I get a penny of my disability benefits back from them.

I really can’t express any surprise whatsoever at their remaining absolutely true to form. But their greed and predation upon those who can least afford to be having their accounts raided on a regular basis only makes me look forward in some respects to the prospect of a second Great Depression. Yes, I know we will all hurt, and that the poorest among us today will suffer the most. What’s new about that? The poor get a rough deal now, always have. But they will soon be joined by some of those who most deserve—indeed the only ones who do deserve—to find themselves struggling: the people responsible for the credit crunch and its attendant shockwaves.

The banks are the cause of what is coming, along with the right-wing politicians and business leaders who so enthusiastically embraced globalisation from the 1990s onward and have steadfastly refused to face up to the need for huge social and economic change. We need to move away from the near-maniacal desire to pursue economic growth to a period of no economic growth at all, but rather consolidation of what we have as individual nation states along with as strategic a withdrawal from the market free-for-all as the Democrats in the US plan with regard to Iraq.

All the crap heading our way has long been predicted. Nobody wanted to know.

This is a multi-page entry: page 1 page 2 page 3

categories: healthy planet, in the news, rattle bag