Posts Tagged ‘Financial Sector’

Lobster’s Robin Ramsey Explains Why Thatcherism Didn’t Work as Claimed and Why Truss Will Fail

October 2, 2022

In my last piece I said that Lobster’s editor, Robin Ramsey, has a background in economics and that he said in one of his pieces for the magazine that the Tories recognised long ago that trickled down economics didn’t work. They still wanted to cut spending and punish the poor for being poor while giving lots of more money to the rich. They just had to find a better pretext for it. So they started arguing for their wretched policies on grounds of morality. Now Truss has gone back to the old trickle down argument. In the recent issue of Lobster, 84, Ramsey has a piece in his ‘View from the Bridge’ column, ‘All Trussed Up’ explaining why Thatcher’s economics policies didn’t work in the way she thought they did, and even despite her best efforts, and why this means Truss’ policies will fail. He writes

‘On the day that Prime Minister Truss made her announcement about dealing with the energy crisis here, The Times (8 September) briefly mentioned (on p. 39) that the Chancellor of the Exchequer was off to the City to discuss ‘Big Bang 2’ – further deregulation of the financial services sector. Centrally, I would guess, will be a change to the rules introduced after the financial crisis of 2007-9 which increased the amount of capital the banks had to keep in reserve. In other words, financial gambling is going to be encouraged again. The central question with this new government is this: do they really believe that this warmed-over Thatcherism will work? My guess is that they do; that they have spent too long in a free marketeer intellectual ghetto to understand even the Thatcher years. They have failed to grasp that Thatcherism didn’t work on its own terms: it did not ‘cure’ inflation and did not produce more economic growth than its predecessors. Mrs Thatcher’s ‘reforms’ were possible because her government had North Sea oil revenues to pay for mass unemployment; could sell off chunks of the public sector; and, despite her best efforts to kill it, had a manufacturing base three times as big as it is now. The new government has little oil revenue; a much diminished manufacturing base; and not much of the public sector left to be sold. It will be interesting to see how long it takes them to grasp that the horse they are enthusiastically flogging is dead.’

For further information, go to https://www.lobster-magazine.co.uk/article/issue/84/the-view-from-the-bridge-47/

Are the Tories Really Preparing a ‘No Confidence’ Vote against Truss?

September 26, 2022

This is the headline I saw on a video from one of YouTube’s rightwingers earlier this evening. I hope so, and given that Truss and Kwarteng’s massive tax cuts have given the screaming terrors to the financial markets, with the result that pound is only a few pence away from dollar parity, so they should. But it wouldn’t surprise me either if they all stick to her, repeating the line like a mantra that it’s a great budget which will boost the economy. It isn’t, and it won’t. It’ll just lead to more misery and cuts to the welfare state and the NHS as the working class will be hit in order to pay back the loans the Tories will have to take out.

Well, get Truss out and the rest of her wretched party.

PoliticsJoe Video Showing the Sheer Dementedness of Liz Truss

August 7, 2022

PoliticsJoe posted this video on YouTube yesterday. Its title declares that its about ‘Just Liz Truss Being Fully Mental’, which I supposed is one way of describing some of the antics and pronouncements of this contender for the Tory leadership. It consists of a series of clips, not edited together to have her singing a stupid, satirical song about herself, as PoliticsJoe has done, but something just as damning: it shows some of her deranged political statements, together with her failing to answer tough interview questions about her broken promises and falsehoods from people like Andrew Neil. And mixed in with that is previous footage from years ago of her speaking at a Lib Dem conference when she was a young activist with them.

The younger Truss seems like a normal, sane, politically idealistic and passionate human being. She praises Paddy Ashdown and the political potential and right to self-government of the British people. A self-government that is being denied by the monarchy, whose abolition she demands. It’s a very radical proposal, and one which you tend to hear from those further left, such as the left-wing of the Labour party. But by the time she’s a Tory MP and cabinet minister, she’s been transformed. The eyes have got madder, though not nearly as bog-eyed as Nicky Morgan, and the voice has taken on a harsher edge, so that at one point she did sound a bit like Anne Widecombe. And instead of radical democratic change, she was wibbling on about having secured a prize deal for exporting pork to China. Just like she steered through a deal to export cheese to Japan, where most of the country is lactose intolerant. And other great results for Brexit.

What should really bring her down is her lies and broken promises. She’s asked by Neil how many of the 200,000 social houses she declared she was going to build were actually put up. She can’t remember. Neil tells her that it’s not hard to know how many: zero. And the end of the video shows her being patiently asked by a female journo about various promises she made when she was in office, one after another, all of which she broke.

This is the woman now trying to get her backside into No. 10, and in many ways a true protege of Boris Johnson and the Tory machine. A woman who ditched democratic idealism for class reaction, Brexit and just telling one lie after another, while gripping desperately at the tiniest success in the Brexit negotiations in order to show it as some kind of magnificent success for Britain.

The Tories are destroying the British economy, and have only succeeded in making this country’s great people desperately poorer. Brexit has actively damaged our industry, agriculture and even the financial sector, which the Tories and New Labour have favoured so much. And Truss has been a vital part of all that under Johnson and before.

Johnson out!

Truss out!

Sunak out!

Tories out!

Brexiteer Michael Heaver Reveals Reclaim Party’s Exciting Warmed-Up Tory Leftovers Policies

July 26, 2022

Michael Heaver’s another right-wing, Brexiteer YouTuber. Most of his content seems to be about how wonderful Brexit it, or would be, if it wasn’t for those evil whining remoaners and the European Union trying to sabotage it all the time. He seems to have gone from the Tories to backing the Reclaim party, as well as wanting the return of Johnson. Today he put up a piece revealing Reclaim’s new, (ahem, cough, cough) policies. Laurence Fox’s party will be fielding 600 candidates, which, if true, is definitely a challenge to the Tories and the other established parties. Their policies are:

Do Brexit properly.

Net Zero immigration.

Cut taxes.

I think there’s also something about getting rid of the Green agenda. And I also think they want to support Johnson’s return to power, because the other Tory leadership candidates are so terrible and will hand the government over to Starmer. Or such is the fear amongst some Tories.

This is hogwash. Let’s go through them.

Do Brexit properly: Can’t be done. Uh-huh, no way. It’s simply impossible, like squaring the circle or redefining PI as equalling four, which is what the Nebraska legislature did way back in the 19th century. If this had gone ahead, it would have meant that clocks would have gained fifteen minutes everyone hour. But like ‘Get Brexit done’ it makes a good slogan. You can’t enact Brexit without reneging on one of the key policies of the Good Friday Agreement, which was an open border with the Republic. It’s either that, or the Irish backstop in the middle of the sea, thus alienating the Loyalists. Johnson got into power claiming that he’d ‘get Brexit done’. Well, he did, and it’s been chaos. Britain’s trade with the EU has taken a massive hit, there are real threats to British industry and agriculture, the financial sector the Tories and Blairites have been so keen to protect and establish London as a international hub has also been threatened. By Brexiteer Tories, like Jacob Rees-Mogg, who moved his investment business across the briny to Dublin. All while he was telling the rest of us that Brexit would be A Very Good Thing Indeed. There were delays at Dover months or even years ago because of the additional red tape added to hauliers and other travellers going to the continent now that we were no longer part of the EU. That red tape is also damaging our music industry, as it’s made it extremely difficult for British musicians and performers to travel over there to perform.

We were told that the Tories had an ‘oven ready deal’ with Europe for Brexit.

We were told that the millions saved on our EU contributions would be spent on the NHS.

We were lied to.

And this, as the late, great Max Headroom used to say, is simply ‘more of the same’. Except that he was talking about epic, rocking 80s pop music and videos.

Net zero immigration. More red meat for the Tory faithful, and other sections of the population worried about immigration. Mostly non-White immigration. And there are real moral and practical problems with that. Firstly, there’s the moral question of denying asylum to people, who may very well be in real danger of persecution in their countries of origin. I think many of the prospective migrants properly are coming here for economic reasons. One former channel migrant was interviewed on GB News or Talk TV, and he said that most of the other immigrants he was with were trying to dodge military service in their home countries and hoped to settle so that they could bring their families over. I can’t say I entirely blame them for wanting to do so, especially when these countries are dirt-poor, corrupt dictatorships like Eritrea. But nevertheless, I think there are people trying to get here because they face real threats to their lives for their views or simply because of their ethnicity or religion. Gay people around the world face persecution, particularly in Africa. Go back a few years, and there were the Yezidis, whose women were raped and enslaved for sex by ISIS. Last year there were Afghans desperate to escape the Taliban takeover. And in the past few months Britain and other European nations have taken in refugees from Ukraine, escaping Putin’s genocidal onslaught. I don’t see how you can morally turn at least some of these away.

Then there’s the economic aspect. As Buddyhell over on Guy Debord’s Cat, and just about everyone else on the web has point out, Britain needs immigrant doctors, nurses and other workers for the NHS. Yes, we should be training our own. But we haven’t been doing so ever since one of the Tory ministers – I think it may even have been Enoch Powell – decided in the 1960s to solve the shortage of NHS doctors by encouraging them to come from Pakistan and India. I can’t see the Tories wanting to spend the money to pay for the proper training for doctors and other medical professionals. Not when they seem content to drive them away by not paying them what they deserve and overburdening them with work and paperwork.

People also immigrate to Britain and settle down and raise families as part of their work. I know a number of people, who came to this country to work, and particularly on ground-breaking scientific or engineering projects. This country is short of scientists, engineers and skilled technicians. These are precisely the type of people we should be encouraging to come here, if only so that they can pass these skills on to Brits.

Education is a major part of this. There’s a movement of academics, both teaching staff and students, between countries and across continents. Most university’s, I’d say, have international students, some of whom are going to try to settle down here. Academics also take up posts at universities and colleges right across the world. When I was studying archaeology at Bristol, several of the department staff were foreign. One was Portuguese while another was German, for example. At the same time, archaeological work takes people right across the globe. At the time I was there, there was great excitement about Neolithic discoveries in Ukraine. One of the lecturers had also helped carry out excavations of archaic homo sapiens remains in Romania. Another leading member of the department had also been excavating in Iran. Some of these academics will no doubt wish to settle down and make their home here. Either way, I can see Brexit and a zero-net immigration policy causing real problems with universities obtaining needed foreign academic staff.

And it’s going to be hypocritical. The Tories have, in my recollection, shown themselves perfectly willing to grant British citizenship to anyone rich enough. Just as Rishi Sunak got his green card to work in America by paying a million dollars. I strongly suspect that if Reclaim got in, we’d have more of the same. It would be easy immigration for the global super-rich, and keep out for everyone else.

Cutting taxes: More of the twaddle you’ve been hearing from the Tory leadership candidates. What this means is cutting taxes for the rich while passing the burden on to ordinary people at the bottom. This is supposed to encourage more investment, and hence more jobs. Balderdash. The money saved simply rests in the elite’s bank accounts. Meanwhile, because there’s less money going into the exchequer, the Tories and Reclaim after them will tell us all that cuts need to be made, more pushing of the mythical NHS waste, profligate spending on the welfare state, too many civil servants and so on. The result, more punitive cuts to the NHS, more destruction of the welfare state, more people struggling to survive on food banks, more starvation, malnutrition and grinding poverty.

Attacking the Green Agenda: The scientific consensus supports climate change, and the Green New Deal promises more jobs as well as combating threats to the environment. But the right don’t believe in climate change, and, with money coming in from Big Oil, they really don’t want to end our dependence on fossil fuels any time soon. All last week while the rest of us sweltered they told us that the rising heat was nothing to worry about, was not cause by global warming, and we were all wimps and weaklings for thinking otherwise. I wonder if Reclaim and its bosses also have their places booked for the biodomes the rich will no doubt retreat into as the deserts march on London, Birmingham and anywhere else.

Bring back Johnson: Really? There are people who really won’t be told. There’s a petition up for his return. Just like there are Americans who want the return of Trump. That’s incredible. Aside from the party politics, Trump was a disastrous president. A friend lent me a book on his presidency, and what came across most strongly was how incompetent he was. He quarraled with his leading generals, one of whom actually swore at him while telling him precisely what he was in the White House. He made up policies on the spur of the moment and then changed his mind just as suddenly. Appointments were made with important visitors, but not kept. Or he didn’t tell his staff about them, just forgot them. He deliberately undermined leading White House staff, replacing them and then doing the same to the new replacements, all of whom were determined to undermine their predecessors and competitors. And rather than draining the swamp, Trump was massively corrupt giving government contracts to friends and anybody else, including the Russians, who were prepared to stump up cash. Government monies that were intended to protect workers on bread and butter issues like pensions vanished in various politicos pockets, where they gave it to their favourite businessmen.

Johnson has been similarly incompetent. He was grotesquely tactless and incompetent as foreign secretary. Once he got his behind in No. 10 he showed himself unwilling to knuckle down and do some actual work. It seemed that every few weeks he was heading off to Chequers for a holiday. He caught Covid because he personally broke lockdown rules. And he gave valuable PPE contracts to his friends and other Tory donors. The result was problems with supply. But no worries, eh? His mates were all right. The parties were just a symptom of a man, who doesn’t like to work, loves the power and the popularity that comes with it, at least in his own imagination, and really, really, has zero sympathy with ordinary working people and their problems.

And he’s still clinging on to power, just like Gordon Brown tried to do with a deal with the Lib Dems after he lost the election to Cameron. Ian Hislop got very excited about this on Have I Got News For You, calling him ‘Mr Barnacle’. Well, Johnson is behaving exactly like the marine mollusc, and the same should apply: ‘get ye gone!’ It says something about the effectiveness of establishment propaganda that someone really thinks he’s done such a good job they want to keep him in power.

But back to the Reclaim party, there’s nothing new here. It’s just the same old Brexiteer Tory policies, promoted by a few new faces. And I honestly can’t see many of them getting a seat. Some might, but I foresee a lot of lost deposits, compounded with them splitting the Tory vote in certain quarters so that a Lib Dem or possibly Labour candidate get in.

I have a feeling they’ll go the way of UKIP and the Brexit party as another right-wing group trying to ‘break the mould of British politics’.

Is Shinzo Abe’s Assassin a Conspiracy Nutter?

July 8, 2022

I was shocked by the assassination of former Japanese Prime Minister Shinzo Abe in Nara today. As they pointed out on the news, Japan has very strict gun laws, and a very low level of gun crime. This explains why his wretched assassin made his own. But I do wonder about the assassin’s motives for the murder. It was reported earlier today that the gunman, a former sailor in the Japanese navy, didn’t have a political grudge against Abe. But they said on the news this evening that he thought Abe was a member of a particular organisation, and it wasn’t known if this organisation actually existed.

Hmmm.

This sounds like the gunman was a conspiracy theorist in the pejorative sense, like the western nutters who believe that the Illuminati are behind everything evil in the world. Or the globalists. Or the Freemasons and/or the Jews. In the 1990s there were reports that there was a nasty wave of anti-Semitism sweeping Japan, and that the country had more anti-Semites than many other countries, even though it had no Jews. One the country’s big industrialists apparently said that the reason America dropped the two nuclear bombs that destroyed Nagasaki and Hiroshima, but didn’t use them against Germany, was all because of the Jews. It’s pure nonsense. There are two competing explanations for the bombings. One is that after Germany’s surrender, the American high command wished to end the war as quickly as possible. Simply fighting their way island by island across the Pacific until they reached the Japanese mainland would have taken weeks and cost the lives of even more American servicemen. Another theory is that the Americans wanted to send out a message, not to the Japanese, but to Stalin. The Russians hold the Kuril Islands north of Japan, and it seems to me that if this theory is right, then they were afraid the Russians were going to move south and occupy Japan, just as they had liberated and then occupied eastern Europe. As for the origins of the anti-Jewish hatred in the 90s, Lobster wondered if it was a result of American foreign financial policy. I think the Americans had tried to force some financial deal on the Japanese at the behest of their own bankers, and this had disrupted the Japanese economy or its financial sector. It’s possible the gunman believed that Abe was somehow involved in some kind of secret Jewish conspiracy. On the other hand, Abe himself was clearly Japanese, not Jewish, so the assassin may have believed that he was a member of the Illuminati or globalists without the anti-Semitic elements in the theory. Perhaps more information about the killer and his motives will come out later.

Whatever the killer’s motive, a leading Japanese politician has been killed and the country’s people are shock. I deeply sympathise with them in this hour, and wish them all the best following this act of terror.

Mitch Benn’s Satirical Song about Piers Moron’s Return to Television

May 3, 2022

Mitch Benn’s a YouTuber who specialises in satirical songs and monologues making very pointed comments about contemporary issues, including Brexit and the utter incompetence, self-interest and sheer contempt for the poor of the Tory party. In this video he takes aim squarely at the advert popping up trying to get us to watch Piers Morgan, former editor of the Mirror during the ‘City Slickers’ share-ramping scandal, breakfast television host and right-wing pundit. Benn makes the point that, contrary to what Moron’s supporters and the Tory media say, he very definitely isn’t a lone voice standing up against the left and political correctness or wokism, or whatever. Rather, Moron is just one of a slew of right-wing pundits, personalities and blowhards, including Mike Graham, Jeremy Clarkson and Julia Hartley-Brewer, among too many others. And opposite him, representing the left, is, er, James O’Brien on LBC. Here’s the video.

A Black Conservative Call for Racial Uplift Based on Entrepreneurship not Political Power

March 3, 2022

Jason L. Riley, False Black Power (West Conshoshocken: Templeton Press 2017).

This is another book analysing the plight of Black America from a Black conservative perspective. According to the book, Riley’s a senior fellow at the Manhattan Institute, writes for the Wall Street Journal and contributes to Fox News. But the book does quote statistics and sources, which means it’s almost certainly more trustworthy than that news network. When academics from the American universities reviewed Fox’s content, they found that people who took no news at all were better informed about the world than the people who watched Fox. America is indeed being ‘dumbed’ and Murdoch’s part of it. But this book is absolutely fascinating and, if accurate, is a much needed refutation of some of the myths about Black American history.

The introduction starts with an attack on the idea that the decline of the Black American family was caused by slavery. It’s true that slavery did destroy Black family life, as slave families were frequently split up, with fathers separated from their wives and children, children separated from the parents and so on. This, so the argument goes, has made it difficult for Black men to develop the necessary feelings of attachment to form permanent, two-parent families. As a result, most Black American families are single-parent, headed by the mothers. But Riley cites Herbert Gutman’s 1976 book, The Black Family in Slavery and Freedom, 1750-1925, examined a variety of sources to the show that the disruption of the slave family did not persist into emancipation. Looking at Confederate plantation records, the testimony of former slaves and the records of Black families in Buffalo and New York City, showed that from the second half of the 19th century to the 1920s, these communities were predominantly two-parent. In Buffalo between 1850 and 1920, the figure was 82 to 92 per cent. In New York in 1925 the figure was 85 per cent. (p. 5).

Riley’s argument is that the present poverty and misery experienced by many Black American communities cannot be blamed solely on racism and the legacy of enslavement. He and the authors he cites don’t deny that racism and discrimination exist, rather that the main cause of the present troubles of family breakdown, crime, unemployment and welfare dependency are due to the misplaced social programmes of the 1970s. Like Shelby Steele, he believes that Black Americans have taken the wrong road to uplift. Since the civil rights movement, they have concentrated on acquiring political power, resulting in the election across America of Black politicos, mayor and other officials. But these have not helped ordinary Blacks. He states at one point that Black politicians will ignore the underclass just to stay elected just as White politicos will, and cites a couple of scandals were Black politicians on their constituencies’ education boards were caught fiddling the exam results. He argues instead that Blacks should have followed the example of other impoverished communities, like the Chinese and Pennsylvania Germans, who eschewed acquiring political power in favour of economic uplift. He contrasts these groups with the 19th century Irish. These had political power, but nevertheless the Irish community itself remained poor and marginal.

Riley cites a number of other authors that show the explosion of Black entrepreneurialism after the end of slavery, as Blacks took over and entered a wide variety of professions. These scholars have argued that by the end of the 19th century Black communities also had their own business districts like White communities, as well as excellent schools. The 1913 Negro Almanac boasted of this achievement, comparing the capital accumulated by Blacks with that of the former Russian serfs. The former serfs had collectively $500 million in capital and a literacy rate of 30 per cent. Black Americans had $700 million and 70 per cent ‘had some education in books’. (74). In Chicago in 1885 there were 200 Black-owned businesses operating in 27 different fields. (75). And this trend continued, with the emergence in other areas of a small, but significant Black clerical class. At the same time, the number of Black Americans owning their own homes increased massively. Black prosperity increased during the years of the two World Wars,, when Blacks took on White jobs. They were still below that of Whites, but were catching up. As were Blacks in education. Blacks typically left school four years before Whites. But as the 20th century went on, this fell to two. Between 1950 and 1960 the number of Black doctors, lawyers and social workers expanded so that in 1953 a real estate journal called Blacks ‘the newest middle class’. (77). But this professional, educational and economic rise and expansion somehow came to an end in the 1970s.

At the same time, Riley cites the statistics to show that the American cops are not gun-happy racists bent on shooting Blacks. Rather, a study by Roland Fryer, a Harvard economist, found that Blacks are 23.8 per cent less like than Whites to be shot by the police. (63). As for New York’s stop and frisk policy, that was shown to stop Blacks 20-30 per cent below the appearance of Blacks in the description of suspects.(64). As for police shootings, these fell massively in New York from 1971 to 2015. In the former year, the cops shot 314 people, killing 93. In 2015 they shot 23 people, of whom 8 were killed. (65). He also notes instances where there was still friction between the Black community and police even when the town’s leaders and senior police officers were Black.

On a less serious note, he talks about the Barbershop films and their unsparing, humorous look into the condition of Black America. Set in a Black barbershop and with a majority Black cast, these films showed Blacks making jokes at the expense of revered leaders like Martin Luther King and Malcolm X, decrying their kids’ fashion sense – trousers being worn low on the hips to expose the buttocks – and worrying about gangster culture and Black on Black violence. This upset Black activists like Jesse Jackson and Al Sharpton, but Riley maintains that they nevertheless accurately reflected the way Blacks talk when Whites aren’t around. The same concerns are held by many other Blacks, including one mayor, Nutter, who gave a similar speech at a Black church. He advised people not to dress in a threatening manner if they wanted anyone, of any race, respect them, and called for the kids to work hard at school and pull their trousers up. The crowd gave him a standing ovation, chanting ‘Buy a belt! But a belt!’ But his speech was angrily attacked by Black liberals because it didn’t reflect their priorities of blaming everything on racism. Riley also described the way Obama was often pilloried for his outspoken comments about poor standards in the Black community, while playing the race card himself. Riley also argues that the decline in Black educational standards also has its roots in dysfunctional attitudes among Black youth. If you’re too nerdy or bookish in these communities, you’re going to pilloried for ‘acting White’. This is a controversial position, but, Riley argues, the evidence for it is convincing and solid.

Despite being written from a conservative viewpoint, there are aspects of the book that can also be embraced by those on the left. Firstly, the expansion of Black businesses, jobs, and professions after slavery demonstrate that Black America is as talented as every other racial group in America. I found it a convincing refutation of the genetic argument that states that Black poverty and lack of achievement is somehow because Blacks are, on average, biologically intellectually inferior to Whites and Asians. And the argument that Blacks achieved more when they had stable, two-parent families, would have strongly appealed to a section of the British Labour party. British socialism was influenced, it has been said, more by Protestant, Methodist nonconformity than Karl Marx. Years ago the Spectator reviewed a book on the reading habits of the British working class. They found that the favourite reading matter of a solid working class Welsh community in the teens or twenties of the last century was the Bible.

Much more questionable is the apparent link between the affirmative action programmes of the 1970s and the persistence of Black poverty. Riley doesn’t anywhere show why or how they failed, and correlation is not causation. Just because their introduction was in a period of economic decay and impoverishment for Blacks doesn’t mean that they caused it. And I wondered how much of the decline was due to general, structural changes in the American economy that have also badly affected Whites. For example, Bristol used to have a flourishing print industry. There still are printers in the city, but the industry has declined considerably from what it was and many of those skilled jobs have been lost, along with those in other industries. Many Brits and Americans were hit hard by the oil crisis of the 1970s and the consequent recession and unrest. Thatcher, and then Blair, favoured the financial sector over manufacturing, which destroyed many working class jobs. And then there’s the whole nasty complex of welfare cuts, outsourcing, zero-hours contracts and wage freezes that have kept working people in Britain poor. And the same situation is true in America. This impoverishment and economic restructuring is going to hit Blacks especially hard as the Black community is poorer and less affluent. And I don’t doubt for a single minute that there are problems causes unique to the Black community, of which racism is going to be one.

But this is nevertheless a fascinating and important book, and I think it should have its place in schools if they’re teaching Critical Race Theory. That pernicious doctrine holds that Blacks are being held back solely by White privilege, in which all Whites benefit. The government recently stated that teachers must present controversial ideas impartially and was duly denounced by activist groups and the left for doing so. But I believe the truth in this issue lies somewhere between both sides, and that, if these ideas are being taught, children should be exposed to both sets or arguments. And then make their minds up.

And then, after hearing a variety of viewpoints, we might be more successful in creating a more equal society and truly enabling Black achievement.

JOE Spoof Video: Johnson, Dick and Rees-Mogg as the Beastie Boys

February 1, 2022

I realise many of you are heartily sick and tired of hearing about Johnson and his, what, 18-odd parties, and feel that they’re a distraction from the real issues. And honestly, I couldn’t agree more. Johnson’s cavalier flouting of the Covid rules is indeed an insult to everyone else who kept to them, despite the enormous hardship and grief they may have caused them. And it clearly shows how the Old Etonian buffoon really does believe that it’s one rule for him, and another for the plebs.

But this is just the insult. The real issues are the deep injuries he’s inflicted on the people of this fair country, and those of his wretched Tory predecessors before him. They are the deep cuts to public services and especially the further attacks on the welfare state. The wage freezes, which mean that millions of people are now facing a choice between heating their homes or eating. The work capability tests and the benefit sanctions that are still being used to throw needy people off benefits. The privatisation of the NHS and the destruction of Britain’s economy, industry and agriculture by Brexit. This latter has been for the benefit of Bojob’s chums in the financial sector, particularly Jacob Rees-Mogg, who moved his financial interests to Eire so he could go on trading with the EU. This was when he was loudly touting how wonderful Brexit would be to the rest of us. These are the policies that should be bringing down the government, but unfortunately aren’t.

But at least some of the satirists out there on YouTube are giving us a good laugh at the Tories’ expense. Politics JOE has put up this video portraying Johnson, Rees-Mogg and Dick as the ’80s pop band, the Beastie Boys, singing their classic, ‘You Gotta Fight For Your Right to Party!’ And it’s hilarious. One little gem is when Rees-Mogg is shown leering over a porno mag called Toffs Only, which portrays an Edwardian lady slightly raising her dress above her ankle.

At the time, I didn’t think much of the Beastie Boys. I thought they were morons, but I’ve been told since then that they were and are very left-wing, giving money to immigrant groups and the underprivileged. Which makes them far better than the clowns we have in government. So here’s the video – enjoy!

The Irish Nationalists on Multinational Agribusiness Land Clearances in Africa

June 3, 2021

Two of the many great commenters on this blog, Brian Burden and Gillflowerblog, are concerned about my watching too many videos from the far right. As they have pointed out, the danger with it is that it can turn you a Tory after a night of bad, troubled dreams. Just like the hero of Franz Kafka’s Metamorphosis turns into a beetle after a similar disturbed night. I’ve no time for Fascism or the far right. The horrors of the Nazi and Fascist tyrannies are so enormous and vile that no sane, decent person can ever support them. The most infamous of those is the murder of 6 million Jews, and 5 1/2 million assorted gentiles in the Nazi death and concentration camps, but it also includes the atrocities by the Ustashe regime in the former Yugoslavia and by the Italian Fascists against the Arabs and Ethiopians. But it seems that amid the racism and xenophobia the Irish far right are uncovering some very disturbing facts about the actions of multinational corporate capitalism in sub-Saharan Africa that could very easily form part of a liberal critique and politics of international protest.

For some reason YouTube’s put up for my viewing a series of videos from the Irish Nationalist Party, despite the fact that I’m not Irish and definitely not a member of the far right. But they are interesting because of what they show about the issues now driving the rise of the nationalist right in Eire. From what I’ve seen in these videos, the Nationalists are against the EU, mass immigration, gay and trans rights and multinational finance capitalism. Their attacks on finance capitalism are superficially entirely reasonable. They hate the way Ireland and its enterprises have been parcelled up and sold off to foreign owners through offshore holding companies and tax havens. They’re right. This is also what has been done over here in Britain, and is still being done by the Tories. They rightly criticise the government for bailing out the banks responsible for the 2008 financial crash and the austerity that was consequently imposed on the Irish people. Just as over this side of the Irish Sea, our government bailed out the banks and rewarded the people responsible for the crash, while at the same time using it as an excuse to impose cuts on the welfare state, state expenditure on education and the NHS and low wages for everyone not a multimillionaire. And part of their hatred of the EU seems to come from the European Union’s role in imposing this austerity as well as other, socially liberal policies which go against traditional, conservative Irish morality.

In one of their videos, they compare the offshore financial houses and the EU to the absentee landlords that oppressed the Irish peasantry during the 19th century, and whose predations and exploitation was a major cause of the grievances that finally produced the Irish Revolution. But underneath the liberal, reasonable critique of multinational finance capitalism, there’s something far more intolerant. In one of the videos I watched, the speaker talked about how there needed to be research into the role of international finance capitalism in the Cromwellian invasion. This sounds to me to be the old anti-Semitic nonsense about the Jewish banking conspiracy. The nonsense spouted by the Tsarist forgery, the Protocols of the Elders of Zion, and which inspired Adolf Hitler and the other architects of the Holocaust.

They also hate the Irish government and the country’s mainstream parties, as well as the EU, for mass immigration, which they claim is taking Irish jobs from Irish workers and making Irish people homeless as accommodation which should go to them is given instead to immigrants. It’s standard far right stuff in many ways.

But one of their speakers at a local rally said something very interesting about what the multinational agricultural firms and the EU are doing in Africa. He claimed that they were destabilising the continent through purchasing vast areas of land and then clearing them of the indigenous, local people in order to turn them into vast farms. One of these estates being set up in Niger is, according to him, 5,000 square miles in extent. These firms are building huge walls around these estates, which have created tension and conflict. It’s the reason why so many military age men from the continent are seeking asylum on this side of the Mediterranean. They’re fleeing the wars and conflicts this is fuelling.

Now I don’t know how true this is. But it sounds horrifically plausible. Way back in the ’90s some of the creators of 2000AD put out a very political comic strip, World War Three, about a future war in Latin America driven by the big agricultural firms. I got the impression that this was based on fact and reasonable predictions. It was SF as the ‘literature of warning’. Now it sounds like something very similar is really happening, but this time in Africa.

I’m sure this is being discussed elsewhere, but I’m unaware that it has been covered in the mainstream media or by the mainstream parties. I wonder if this is a consequence of the embrace of neoliberalism by the European left. I very much doubt that Tony Blair and his successors in the Labour party want anyone noticing that free market, international capitalism in its genuine sense rather than as a code for ‘Jews’ brings nothing but wage slavery, poverty, misery and death. The Fascists and the far right, however, are left free to mention it. They are, after all, at the moment numerically small in Ireland and Britain and so few people will take any notice. And decent people will ignore it, because it comes from such a contaminated source.

Odiously, we have now got into a situation where reasonable criticisms of multinational capitalism are being shut down by the rightists under the pretext of combatting anti-Semitism in the Labour party. And instead they’re being embraced by people, whose solution is the ‘socialism of fools’ described by August Bebel.

We need real socialism, and a politics of tolerance and internationalism to protect working people across the world, whether Africa, Ireland or Britain.

I’m not going to show the video or link to it, but if you want to see it on YouTube, it’s title is: Ciarán McCormack – “The UN, the EU and the World Bank are destabilising Africa.”

Did Boris Become PM and Back Brexit Just to Protect the City of London from EU Regulation?

December 15, 2020

That’s the conclusion reached by Simon Matthews, the author of a new book, Looking for a New England, and a regular contributor to the conspiracies/parapolitics magazine and website, Lobster. It was also the opinion six years ago of Lobster’s editor, Robin Ramsay. The main man has updated his ‘View from the Bridge’ column, and included an observation from Matthews in a previous piece by Ramsay from 2014 on what seems to have been going on underneath the surface of Johnson’s decision to run for PM. Ramsay had reported in his column that the Torygraph had published a piece stating that Brussels was planning a ‘power grab’ over the City. Which tohim indicated that Boris, then mayor of London, was running for PM simply to stop the EU clamping down on the City and its role in money laundering and financial crime across the globe. The piece ran

Boris and the City

If you wondered what the subtext was to Mayor of London Boris Johnson’s announcement in early August that he would be trying to return to the House of Commons, the answer lay in a story in the Daily Telegraph on 8 August headed ‘Brussels plots fresh City of London power grab: European Commission calls for greater powers for Brussels regulators in move likely to inflame tensions between City and Europe’. Reading (just)
between the lines of his speech it is obvious that Boris is offering himself as the leader of the Conservative Party who will take the UK out of the EU to preserve the City of London as the financial crime centre of the world economy.

I don’t doubt that both Matthews and Ramsay are correct and that this really is the reason for BoJob’s decision to go for the top job. And this frantic desire to protect the Tories’ City backers is going to wreck our manufacturing industry and agriculture, raise food prices, and create shortages of food, medicines and other goods.

All so that the Tories can make the obscenely rich even richer.

See: ‘Simon Says’ in ‘The View from the Bridge in Lobster 80 at

The View from the Bridge (Winter 2020) (lobster-magazine.co.uk)