I’m a granny, not a banker like that nice Mister Javid, so I don’t know a lot about economics, but I was born a long time ago, and I remember things he probably never knew, and I think about them.
I remember, for example, that the last huge rise in inflation was NOT due to working people getting decent wages, but to OPEC being pissed-off over our support for Israel and jacking-up the oil price, and I think something like that might be responsible for the current crisis?
Of course it was politically convenient to blame the Labour government back then, so many youngsters may not know the truth, and be about to blame the workers (this time)which works really well, because Mr Javid’s oily donors make another fortune and he gets re-elected. Win-win.
About Labour governments … I survived childhood, thanks to the NHS, didn’t have brothers die in Vietnam, thanks to Harold Wilson, got free College education, a leg-up on the housing ladder, good public services, sane working conditions, and lots of other really good stuff.
So, Mr Javid says I’m very selfish, because him getting handouts from his backers is good, and me having a government that works in my interest is bad. I don’t get why people don’t laug at loud at this, but perhaps they’re just less selfish than me and …
… are thinking about the debt they’ll be landing their grandchildren with when I’m gone.
Hang on a minute, Mr J! I AM a grandchild! My grandparents ran up HUGE debts fighting two world wars, so, by your logic, we should have been too broke to enjoy all that lovely free stuff?
Something just doesn’t add up does it?
No.
The whole debt thing?
A myth. A deception designed to keep all the money flowing to the already rich, whilst unselfish grandparents keep voting for their Tory saviours.
You’ve been mugged.
Anyway, because I’m a granny that doesn’t know squat about economics, I’m going to hand you over to Stephanie Kelton who does, and who will get you started on the myth thing.
Just keep thinking, and maybe take everything a banker tells you about economics with a pinch of salt?
I remember the Thatcher Era. The people who did more work in a month than most Tories do in a lifetime, became the enemies of “progress.”
All I valued about MY Britishness: equality, social justice, public service, came under attack
My inherited wealth - the services owned by the British Public was sold off to financiers and corporations at knock-down prices, with the promise that some of that wealth would, at some indeterminate time, “trickle down,” and everyone would be richer! Meanwhile …
… Monetary Theory, which removed all concept of “regulation” or “common good” from the capitalist smash and grab mentality, was gleefully adopted by our government to justify daylight robbery.
I am 71 years old, and have reluctantly come to the conclusion that I am not going to see an authentic social democratic government in my lifetime. This fills me with great sadness, because it means the advantages I had as a child born to working class parents in 1950, are gone.
Growing up in the 50’s and 60’s in social housing at the foot of Robinswood Hill in Gloucester was idyllic. Mum at home, dad always in work, money was never abundant but we were never hungry. New clothes bought with Provident cheques, the grocer in his mobile van paid on Friday
A washing machine “rented” from a guy with a lorry on Monday morning, and returned in the afternoon, the tally man a family friend, all journeys by bus. Passed for the grammar, trained as a teacher for free, never paid a penny for healthcare … it didn’t matter that I wasn’t
🧵££££
The pound which you no longer have in your pocket because it’s just a digit in your bank account, is not backed up by a smidgeon of gold in a vault under the Bank of England, though everyone appears to need to believe it IS, because otherwise, what is it?
I just told you, apart from the one you keep in the car to put in the supermarket trolley, the pound is a keystroke on a computer screen, a psuedo-entity in a virtual vault. In theory there is an unending supply, rather like the coins Alfie (aged 4) collects in his Mario game.
The U.K. government cannot run out of money, and it doesn’t need your taxes to run itself or fund anything. But it does need YOU to believe it does. It’s possible some of the politicians paid to convince you that “we can’t afford it.” (anything that might make your life better)
Just supposing there really WAS a group of mega-rich psychopaths, uneasy at the ending of serfdom, and horrified by the Peace and Love Outburst in the ‘60’s,working in secret for decades to bring it back! (Yes, yes, I know it’s nonsense, but let’s play the game:”Mega-Monopoly”.)
First you’d have to remove any vestige of personal autonomy. You’d have to do it slowly …
Lumber the radical youth with debt that they’ll never be able to pay, inducing anxiety, and ramping up the work-ethic no end. Just a bit to start with, say £9,000. Call it tax free …
Next, work on the social security safety net. Call it”benefits” and get your pals in the media to engender hatred of anyone who’s forced to claim them. Induce anxiety by making them insufficient to live on.
I found myself so embroiled in the anti-Corbyn assault by fellow members of a party I joined on a wave of optimism, I didn’t take a step back stop to consider how sinister it was. The largest socialist party in Europe, with an agenda to transform the UK - destroyed by a lie.
I actually thought serious journalists after finding the facts of the matter, would counter the lie. They didn’t. perpetuated it. Nigel Farage was given more prominence and less scrutiny than Jeremy Corbyn.
Insane.
I watched as people of the moral vacuity of Margaret Hodge, Ian Austin, Peter Mandelson and Tony Blair, worked to destroy the reputation of a man that had a track record of decades of standing up for the principles of equity and justice that @UKLabour was supposed to champion.