Wednesday, 7 October 2015

12 things you should know about Theresa May's immigration rhetoric


During the Tory party conference in October 2015 the Home Secretary Theresa May gave a speech about immigration, which seemed clearly designed to boost her credentials as the future party leader with the Tory party hard-right and Eurosceptics by using a lot of tough-talking anti-immigrant rhetoric. As is to be expected from a Theresa May speech it was as full of bile and misleading propaganda as it was devoid of facts and evidence.

In this article I'm, going to run through twelve things that you should know about Theresa May's appalling track record of failure and the delusional nonsense that she spouted in this speech.


Theresa May's appalling track record

Before we get to the content of Theresa May's speech, it's first important to note her dismal track record of failure. Back in 2010 the Tories went into the General Election with a pledge to reduce immigration to below 100,000 per year. For all of Theresa May's headline grabbing rhetoric and bizarrely ill-conceived immigration crackdowns, by 2015 there had been a huge rise in net migration to an all-time record high of 330,000. 


The Tories were so embarrassed about their failure to deliver this "contract with the electorate" that they simply deleted all traces of it from the Tory party website in the hope that the electorate would just forget all about it (and all of the other failed promises it contained).

Theresa May's open discrimination against British families

One of the most disgusting elements of Theresa May's (abject failure of an) immigration crackdown is the way that she has been using a loophole in EU immigration law to openly discriminate against British families. When Theresa May introduced draconian new economic apartheid measures to ban British people from ordinary backgrounds from bringing their non-EU spouses to the UK, she knew full well that immigrants from elsewhere in the EU would be able to continue to bring in their non-EU spouses under European Freedom of Movement legislation. She knew that her rules would openly discriminate against British families but she went ahead anyway.

Theresa May has inflicted untold misery on tens of thousands of British children by putting them in the situation where either one of their parents isn't allowed into the country, or the whole family is forced to live in exile from the UK.

Aside from all of the suffering Theresa May's family wrecking anti-British discrimination has caused, it's also worth noting that immigrants coming into the UK to be part of a British family are pretty much the ideal kind of immigrant. They're highly likely to speak good English, integrate into British society and continue to work and pay tax in Britain on a long-term basis. 


Instead of offering advantages to immigrants who are most likely to integrate into British society and stay in the UK to make a long-term contribution (using some kind of points based system perhaps), Theresa May has been actively driving them away with legislation that only affects British families, not the families of migrants from any other EU state.

Attacks on foreign students 

Another completely illogical part of Theresa May's (abject failure of an) immigration crackdown is the way that she has targeted foreign students, as if wealthy well educated immigrants are some kind of burden on society, instead of a hugely important source of revenue to British universities and a great net benefit to the UK economy, especially if they choose to stay and work here when they've gained their qualifications.

In order to put the insanity of Theresa May's draconian crackdown on foreign students into perspective, it's worth contrasting her policy of actively driving well educated and highly motivated students out of the UK economy with what the Germans have been doing.

You may have heard that university tuition fees have been abolished in Germany, meaning that anyone from within the EU now has the right to free university tuition there.  Additionally they have also made free tuition available to students from non-EU states such as the USA too. In my view this is a fantastic ploy because it will attract intelligent youngsters from less-privileged backgrounds who have been priced out of UK and US universities. What they seem to be doing is setting up a brain-drain into Germany by offering overseas students some university education without the burden of tens of thousands of pounds worth of debt to achieve it.

Recycling old pledges

One of the most ludicrous things about Theresa May's speech was the fact that she decided to revive her failed pledge to cut immigration to below 100,000, as if the UK electorate are such a bunch of drunken half-wits that they've completely forgotten that she already pledged that five years ago, and also failed to notice that under her watch immigration hasn't fallen at all, in fact it's risen to an all-time record high of 330,000.

It worked for George Osborne so why not?

In 2010 Theresa May pledged to reduce immigration to below 100,000 by 2015 and George Osborne pledged to completely eliminate the budget deficit by 2015.

By 2015 net immigration had increased to 330,000 and Osborne had failed to even halve the budget deficit. However instead of admitting his abject failure to eliminate the budget deficit, Osborne and his Tory mates simply reframed this abject failure as a stunning success by endlessly harping on about how they'd "cut the deficit by a third" (as if missing your target by two thirds is some kind of laudable achievement) and simply resurrecting the pledge to eliminate the budget deficit as part of their 2015 General Election campaign.

Campaigning on a pledge that you abjectly failed to achieve the last time around is a brazen move indeed, but with the unrelenting support of the mainstream media it worked and the Tories managed to scrape back into power with their austerity propaganda narrative, so why shouldn't Theresa May campaign on a pledge that she too failed to deliver last time around? Her thinking must be that if one potential Tory leadership candidate (George Osborne) can get away with it, then surely she must be able to as well.

Economic apartheid

One of the central planks of Theresa May's plan to deter immigration from within the EU is to set up a system of economic apartheid against EU migrants by banning them from claiming in-work social security for four years.

The fact that such a vindictive discriminatory policy has widespread public support just goes to show how venal and terribly misinformed a lot of people must be, because in order to support such a policy it's necessary to completely misunderstand what tax credits actually are.

Tax Credits are not a handout to workers, they're a subsidy to greedy employers who pay their employees significantly less than enough to cover their costs of living. The Tax Credits system has allowed greedy employers to get away with severely underpaying their employees, safe in the knowledge that the taxpayer will make up the shortfall.

Denying certain workers access to this greedy employer subsidy would blatantly lead to a situation where these workers and their families would be forced into poverty simply because of where they happened to live before they took the job that they're currently doing.

Tit-for-tat retribution on the continent

The idea that migrants from within the EU are some kind of infection that needs to be treated with a severe dose of economic discrimination is foul enough in its own right, but the logical consequences of such a policy of xenophobic economic apartheid are also worth consideration.

Does anyone really believe that the other states in Europe wouldn't respond with tit-for-tat measures should the UK decide to bring in economic discrimination against their citizens? 


Why should the hundreds of thousands of Brits who choose to go to live and work elsewhere in the EU be allowed access to social security in those countries if EU citizens are barred from receiving social security here?

Does anyone really think that it would be fair for the UK to ban EU citizens from accessing social security like Tax Credits and sick pay, while British citizens remain entitled to those things in other EU states?

Isn't it obvious that as well as forcing EU migrants into poverty in the UK, tit-for-tat measures would end up forcing UK citizens into poverty elsewhere in the EU?

Incoherent partisan rubbish

One of the themes of Theresa May's speech was that the left is somehow to blame for the mass immigration of the last three decades. The barefaced cheek of such a stance is pretty incredible to behold. 

It's bad enough to hear someone on the right trying to cast blame for immigration onto the left when anyone with the vaguest degree of political literacy knows that there hasn't been a properly left-wing government in Westminster since the 1970s (anyone who thinks New Labour were economically left-wing must be bizarrely misinformed about politics). However what relly takes the biscuit is that the person blaming the left is the very same very right-wing politician who was responsible for overseeing the biggest inflow of migrants ever recorded just last year!

How on earth is it the left's fault that almost four decades of right-wing governance have resulted in the most right-wing Home Secretary in generations overseeing the biggest inflow of migrants ever?

How is anyone gullible and misinformed enough to believe this ridiculous "blame the left" fantasy? 

Stoking xenophobia with outright lies

So aside from her own appalling track record of failure and her brazen attempts to cast blame on the liberal left for her own abject failure to deliver what she promised, there's also the fact that Theresa May used a lot of desperately misleading xenophobic anti-immigrant rhetoric in her speech.

One of the worst parts was her claim that "we know that for people in low-paid jobs, wages are forced down even further while some people are forced out of work altogether", which contrasts sharply with her own government departments' research last year that found that "There is relatively little evidence that migration has caused statistically significant displacement of UK natives from the labour market". But then who cares about facts and evidence when dishonest xenophobic fearmongering is so much more popular with the punters judging by the delirious reaction of so many right-wing pundits and below the line commentators?


I mean who else could be better placed to achieve the extreme-right wet dream of reducing immigration than their favourite hard-talking liar woman who has just overseen the biggest flow of migrants into the UK in recorded history?

Of course Theresa May's fearmongering rhetoric has gone down well with the extreme-right and hard-of-thinking who just like the sound of the familiar right-wing rhetoric they've rote learned from the right-wing press. However it's worth noting that several economically right-wing organisations like the CBI business lobby (which is normally  highly loyal to the Tory party) slammed the speech as "irresponsible rhetoric". Even the Daily Telegraph ran a critical analysis calling her speech "dangerous and factually wrong".

Who is really to blame for the housing crisis?

Aside from "don't worry about all your broken pledges, just make them again because the lower orders will have forgotten" and "tub thumping rhetoric always trumps facts and analysis of reality", another fundamental rule in the handbook of Tory propaganda is that "immigrants and other minority groups make very convenient scapegoats".

How is it that people are willing to accept a representative of the party that ideologically vandalised our social housing and has recently overseen the lowest levels of new housebuilding since the 1920s at a time of high migration, blaming others for the appalling state of the UK housing market?

It's not the fault of the migrants that there is a shortage of decent affordable housing in the UK. It's the fault of a government that sees the re-inflation of the UK's unsustainable housing bubble as the only way they can sustain their ridiculous "economic recovery" narrative. 


In their minds the construction of adequate affordable housing to meet the needs of the UK population would be dangerously counter-productive because a fall in house price inflation would undermine their whole fake growth economic strategy, and anger an awful lot of Tory voters by reducing the profitability of their speculative buy-to-let exploitation schemes too.

Clamping down on refugees

Another disturbing element of Theresa May's speech was the measures she has proposed to clamp down on refugees and the rhetoric she used to try to imply that people who are capable of fleeing persecution and terrible war zones are not worthy of refugee status because they had the means and ability to escape.


Other countries accept far more refugees per capita
than the UK (source)

The idea that the UK should set an arbitrary limit of admitting only 25,000 refugees per year, no matter what the global circumstances is utterly bizarre, especially given the fact that the UK takes a tiny proportion of the refugees that countries like Sweden, Malta, the Netherlands and Austria do. 

What makes this disparity even more unfair is that it's not the Swedish, Maltese, Dutch and Austrian governments that have been destabilising the middle east, causing chaos in Iraq, stoking the Syrian civil war and laying the groundwork for the rise of ISIS, it's the UK and US. Our foreign policy has resulted in huge refugee crises in the region, yet it's other EU states that have been predominantly picking up the pieces while Theresa May does little more than demonise the victims of distant conflicts and brutal regimes.


We need to talk about demographics

One of the most absurd things about the immigration debate in general is the way that hardly anybody mentions the ageing population demographics. It should be obvious that the UK needs an inflow of economically active migrants in order to fund the retirement of the baby boomer generation, especially given that the birth rate has fallen well below 2 children per family. The demographic situation means that without an inflow of economically active migrants an ever greater number of pensioners are going to be reliant upon a smaller workforce to sustain them.

Another factor to consider is that the Tory party is currently pushing through legislation to further reduce the birthrate amongst resident Brits with their abolition of Child Benefit and Tax Credits for all but the first two children per family unit.

It's quite ironic that many of the blowhard right-wingers who lap up Theresa May's immigration rhetoric without subjecting it to any kind of critical scrutiny are from the older generations who would have to accept a big cut in their standards of living if they were to get their fantasy scenario of closed-borders and forced repatriation, because the dwindling working age population clearly wouldn't be able to carry the burden, meaning their pensions would fall and the NHS would suffer terrible staff shortages and funding cuts.

Conclusion

The kind of right-wingers who rote learn their opinions from the pages of the right-wing press were understandably delighted with Theresa May's tough-talking anti-immigration rhetoric, but that just goes to show how these days words speak louder than actions in UK politics. 


Theresa May has overseen the biggest surge in immigration in history and has deliberately discriminated against British families in her abjectly futile attempts to reduce migration, yet right-wingers seem to be willing to completely overlook these incontestable facts because they so love hearing a politician talking tough on immigration, that they're willing to overlook Theresa May's appalling track record of incompetence. They're even willing to overlook the fact that she's making them precisely same pie-in-the sky promises that she so abjectly failed to deliver last time around.

 Another Angry Voice  is a "Pay As You Feel" website. You can have access to all of my work for free, or you can choose to make a small donation to help me keep writing. The choice is entirely yours.





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Sunday, 4 October 2015

How David Cameron is still talking absolute rubbish about Syria



Last night I had the misfortune of watching the BBC News. I'm not naive. I know that the government of the day hold the BBC purse strings so there has always been a strong pro-government bias in their reporting (whichever party happens to be in power). I also know that New Labour made things even worse when they decided to castrate the BBC for daring to tell the truth about how Tony Blair and Alistair Campbell "sexed up" the evidence used to justify the disastrous invasion and occupation of Iraq.

Even though I'm well used to the BBC failing to hold the government of the day to account, the ridiculous Tory propaganda they tried to pass off as news last night was utterly appalling.

The segment in question was a report about David Cameron's absurd blethering about the Russian airstrikes in Syria against anti-Assad terrorist groups. Cameron had worked himself up into a state of carefully stage managed rage about how Russia were hitting the wrong targets, and how it was an outrage that some of the targets they'd hit had been the "good" US/UK backed terrorist groups in Syria, rather than the "bad" Saudi/Qatar/UAE backed terrorists he's had to pretend to oppose because their sheer barbarity makes it impossible to explicitly support them.


Cameron's humiliation over Syria

It's worth noting how the BBC and the rest of the mainstream media seem to have completely forgotten David Cameron's humiliation when his insane rush to war was defeated by a rebellion of his own MPs just two years ago, making him the first Prime Minister in over 200 years to lose a war vote in parliament. 

His own MPs saw through through the sheer insanity of attacking Assad when Islamist fanatics were flooding into the Syrian conflict back in 2013, yet he's still not willing to accept that ISIS are a greater danger to the UK than Bashar al Assad's government.

Perhaps Cameron will eventually change his mind if ISIS affiliated groups begin launching terrorist attacks in Britain? But maybe not? Maybe he's a man so filled with impotent rage that he didn't get his way back in 2013 that he'll continue arguing that the UK should assist the Islamist takeover of Syria by destroying Assad's government whatever evidence presents itself that Islamist fanatics like ISIS are a much more dangerous enemy to the UK than an admittedly brutal regional dictator like Assad ever could be?


What does Cameron actually want to happen in Syria?

Cameron's rhetoric is so confused it's absolutely pitiful. He tries to pretend to be opposing ISIS, but then he openly supports the much weaker terrorist groups who are trying to oust Bashar al Assad from power, leaving the door wide open for ISIS to take control of Damascus. 

I don't know who Cameron thinks will prevent Syria falling to ISIS should he get his wish that Assad meets the same fate as Saddam Hussain or Muammar Gadaffi? Is he completely unaware that the rise of groups like Al Qaida in Iraq and ISIS came about in the first place as a result of the power vacuum left by the catastrophically ill-conceived invasion and occupation of Iraq (that the Tory party supported at the time)?


David Cameron hobnobbing with the not at all brutal and repressive Saudis.
Maybe David Cameron thinks the ragtag bunch of rebels who have failed to topple Assad despite all of their backing from the US and UK will be able to hold ISIS back should Assad fall? Can he really be unaware that several of these groups have allowed ISIS to usurp their own fighters and their supplies of US weapons? 

Maybe Cameron envisages a massive ground invasion by US and UK troops to engage in direct conflict with ISIS? I wouldn't want to be a British soldier fighting extremists so brutal that even Al Qaidi criticise them for their barbarity.

Whatever future scenario Cameron is imagining (if any), he can't be so stupid to think that ISIS wouldn't take advantage of a power vacuum in Syria can he? Perhaps that's precisely what he wants in order to justify a US/UK invasion and occupation of the region?

The BBC News report predictably didn't ask any questions like these, instead allowing his confused and ridiculous rhetoric against the only established power structure (as repressive as it is) standing between ISIS and control of Syria to go completely unchallenged. 


Aside from the strategic incoherence of continuing to attack Assad while ISIS make headway across the region, David Cameron's rhetoric was bizarrely hypocritical too. It's utterly ridiculous to hear the UK Prime Minister refer to a dictator like Assad as "the butcher Assad" when he's oh-so-happy to suck up to vile human rights abusers like Saudi Arabia when he's over there trying to hawk weapons contracts for British arms companies. 

David Cameron's friends

If David Cameron had any integrity whatever he'd use exactly the same kind of rhetoric to condemn Saudi Arabia as "butchers" for the planned crucifixion and beheading of Ali Muhammed al-Nimr for the "crime" of protesting in favour of democracy. And he'd describe the Chinese government as "serial human rights abusers" instead of sucking up to them by describing the UK as the most open country in the western world to Chinese investment and bribing them with £billions to build our energy infrastructure for us (because the Tories have such a strong ideological opposition to the UK building it's own energy infrastructure that they'd prefer to bribe a repressive bunch like the Chinese government to do it instead of building it for ourselves).

Cameron doesn't speak out against butchers and human rights abusers like Saudi Arabia and China because they wouldn't buy our weapons or build our nuclear power stations for us if he did. He reserves such rhetoric for Assad, presumably because his great (and not at all brutal or repressive) friends in Saudi Arabia see Assad as an obstacle to the spread of their extremist form of Wahhabi Islam throughout the Arab world, and Cameron wants to keep them sweet so they continue to buy more weapons from British arms companies.


The wrong targets?

Another factor that makes Cameron's whinging about the Russian airstrikes seem so absurd and out of touch is that the very night before his manufactured outrage about Russia hitting the wrong targets, the US spent a couple of hours bombarding a hospital in Afghanistan. As many concerns as I have about the Russian's direct involvement in Syria, at least they seem to be attempting to attack combatants in a war zone, not deliberately obliterating a hospital. It doesn't matter if militants are hiding in a hospital, or in a UN compound, it's a war crime to attack such locations. It's phenomenally brazen for Cameron to criticise another country for attacking "the wrong military targets" the day after his closest military ally launched a sustained attack on a hospital killing some 20 staff and patients.


And a partisan political swipe at Labour from the BBC

Perhaps one of the most telling things about the report was the way the BBC News anchor concluded the item by reading out a highly partisan swipe at Jeremy Corbyn and the Labour Party without allowing anyone from Labour any kind of reply to the Tory party accusation that their middle east foreign policy represents a threat to UK national security. 


If the BBC had allowed anyone from the Labour Party to respond perhaps they'd have pointed out that ISIS, not Assad represent the biggest threat to UK national security, and that Cameron's continued backing of anti-Assad terrorists in Syria is actually helping ISIS by further destabilising the region?

It's absolutely clear that if the state broadcaster in Russia or Syria had aired such a biased, pro-government, anti-opposition report, people would rightly be howling their condemnation, but because it's the BBC, hardly anyone even considers it noteworthy enough for comment that they brazenly favour the government of the day, and allow David Cameron's ill-conceived gibberish about the conflict to go completely unquestioned.


 Another Angry Voice  is a "Pay As You Feel" website. You can have access to all of my work for free, or you can choose to make a small donation to help me keep writing. The choice is entirely yours.






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Wednesday, 30 September 2015

Jeremy Corbyn is not as radical or unpopular as the mainstreaam media try to portray him


Anyone who has failed to notice the incredibly biased mainstream media coverage of Jeremy Corbyn's exponential rise in popularity is either someone who shuns mainstream media entirely, or the kind of absurdly gullible fool who rote learns all of their political opinions from the mainstream media without subjecting any of it to even the most rudimentary critical scrutiny.

The BBC habit of referring to Corbyn as if he's some kind of radical left-wing extremist (when his policies are actually those of a centre-ground social democrat) is annoying, especially since they don't constantly frame David Cameron and George Osborne as being extremely right-wing, even though they're pushing the right-wing dogma of tax cuts for corporations and the super-rich, wage repression, attacks on labour rights, undermining of civil liberties, and vast ideologically driven rip-off privatisations much further than Margaret Thatcher ever got away with in the 1980s.

Ideological austerity

Probably the most annoying bias can be found in the way that Corbyn's economic policies are so commonly portrayed in the mainstream media as being dangerously radical or even extremist, when the evidence is absolutely clear that ideological austerity is a dangerous extremist ideology with severely destructive social and economic consequences.

I've written article after article presenting the evidence that ideological austerity is a socially and economically destructive agenda based on ludicrous economic fairy stories that make no sense whatever from a macroeconomic perspective. In order to save you from reading all of those articles I'll outline a few bullet points.
  • George Osborne promised that ideological austerity would have eliminated the budget deficit by now, in reality it hasn't even been halved. Amazingly the Tories even dressed this abject failure up as a great success by bragging that they'd "cut the deficit by a third" before the last election (or missed their stated target by two thirds in other words).
Given the mountain of available evidence that ideological austerity is an extremist political agenda that has caused long-term damage to the UK economy and failed to achieve anything that George Osborne promised it would back in 2010, it's astonishing to see Jeremy Corbyn being derided as some kind of raving lunatic for proposing a change of direction.

Media misrepresentation

Corbyn's policies have been portrayed by the mainstream media as some kind of lunatic far-left agenda with no public support, but the evidence paints a completely different picture. Despite the decades of media saturation with right-wing pro-privatisation propaganda, the majority of the public still see privatisation for the rip-off scam that it is. Polls consistently show that a huge majority of British people believe that the NHS, the railways and the energy companies should be run as not-for-profit public services. Corbyn is speaking the people's language when he proposes renationalisation of the railways and opposes the ongoing Tory carve-up and privatisation of the NHS.

There is widespread public support for the kinds of social democratic policies Jeremy Corbyn proposes, but the mainstream media like to frame the situation as if Corbyn is talking some kind of alien language that nobody but the far-left would ever agree with. Note the way Corbyn is so regularly described in the mainstream media as "left-wing", "radical" or "hard-left", while David Cameron is never described as being the "right-wing Prime Minister", despite the fact that he's pursuing an extremely right-wing economic agenda that goes way beyond what Margaret Thatcher managed to get away with in the 1980s.

The mainstream coverage of one particular strand of Corbyn's economic policy has been especially biased and uninformative, not least because the subject is so complicated that many of the people commenting on it clearly don't even know what they're talking about, and have little to no appreciation for the wider context. The subject is Direct Quantitative Easing (or "People's QE" as Labour have been calling it) and some of the critiques of the policy have been amongst the least informed fearmongering diatribes I've ever had the misfortune of reading.

Money Creation

In order to understand Direct QE, it's first essential to understand how money is created in the modern economy. Almost all of the money in circulation taday has been created out of nothing by the private banks at the point they make interest bearing loans. 97% of the money in circulation is this kind of invented bank money and only 3% is created by the state in the form of coins and banknotes. Of this money that is created by the private banks, the vast majority is directed into property and financial sector speculation, with only a tiny percentage being loaned to actual businesses that generate productive economic activity.

If this description of how private banks are allowed to create new money out of nothing sounds like some kind of crazy conspiracy theory, I suggest you read this document for the Bank of England explaining the process.

The vast majority of the public are unfamiliar with the fact that the process of money creation has been stealthily privatised into the control of an oligopoly of private institutions with liberty to create money out of nothing and spend it where they expect the highest short-term profits (not what might be best for the long-term development of the wider UK economy). 

The fact that the banks controlled the money supply before the economic crisis is crucial because it showed that when a small group of private banks are allowed control over the monetary supply of entire nations, huge economic crises ensue because the money is directed into risky but profitable short-term activities like the inflation of unsustainable housing and asset price bubbles, not into long-term investments that promote genuine economic activity.

The money creation policies of the private banks caused the economic crisis. Far too much of the money they created was poured into the housing market bubble and into the unregulated free-for-all that is the bloated global derivatives market, and far too little was directed towards support for innovative British businesses that actually engage in productive economic activity. 

When the sheer scale of the reckless financial sector gambling with the money supply became clear in 2007-08, the banks stopped lending and the credit markets froze up triggering the global financial sector insolvency crisis. The response of the UK state to the imminent collapse into insolvency of the financial sector was an "emergency policy" of creating £375 billion in new money in order to save the banks from the insolvencies they so thoroughly deserved.

QE for the banks

The results of this QE for the banks policy are clear. The insolvent financial sector was resurrected with money created by the state, but left to their own devices when it came to how money is distributed into the UK economy. The financial sector soon got back to their old schemes of inflating unsustainable property and asset price bubbles, just backed with cash invented by the state rather than cash they'd invented for themselves. The Bank of England conservatively concluded that 40% of the benefit of QE for the banks went to the 5% of wealthiest UK households, which is no surprise at all given that discretion over how these funds were to be distributed into the UK economy lay with the very institutions that caused the crisis with their reckless short-term profiteering in the first place!

Without familiarity with how the money creation process is controlled by the private banks, and what the initial tranche of QE for the banks actually entailed, anything resembling a coherent critique of Corbyn's Direct QE policy is impossible. If the media commentator is unwilling to explain how money is actually created in the modern economy and confused about the reasons for and consequences of QE for the banks, they'd be completely unable to come up with any kind of meaningful comparison with contemporary reality, instead just presenting childish platitudes about "printing money" and fearmongering about hyperinflation by making absurd comparisons to Zimbabwe or Weimar Germany.

Once we understand that the power to create money has been outsourced to the private banks, that their reckless use of the money they created out of nothing caused the global financial sector meltdown, and that QE for the banks was designed to save the financial sector from insolvency by inventing £375 billion for them to play with, it's possible to understand what Jeremy Corbyn's team are actually proposing in it's proper context.

Direct QE

When Jeremy Corbyn talks about using quantitative easing to directly stimulate the UK economy through investment in infrastructure spending, he's not talking about revoking the money creation powers of the private banks, he's talking about the state taking responsibility for a small amount of the new money that is created, and directing it towards genuine economically productive activity rather than the reckless "get rich quick" housing bubble and asset price inflation schemes favoured by the private banks.

I struggle to see how anyone could seriously object to a policy of using central bank money creation powers to invest in infrastructure, for example by ensuring that all British households and businesses have access to high speed Internet, rather than just allowing the private banks to continue gambling as they please and doing virtually nothing to promote genuinely productive long-term economic activity. 

Making sure that the UK has the best broadband network in the world would create a short-term economic stimulus as the money is spent and and the jobs are created to improve our IT infrastructure, and the end result of a highly connected marketplace would undeniably be great for British businesses in the long-term.

People who oppose Corbyn's Direct QE policy tend to fall into two camps. Those who just don't understand how money is created in the modern economy, nor the significance of what he's proposing, and those who fully understand that the private banks have an oligopoly on money creation but believe the ideological nonsense that the market somehow still knows best, despite the fact that the private banks caused the global financial sector meltdown with their reckless short-term profiteering, and are busy inflating the very same kinds of debt backed housing and asset price bubbles all over again instead of investing in economically productive activity.

The major difference between Corbyn's Direct QE policy and QE for the banks is that Corbyn's plan wouldn't just hand the money over to the financial sector in order to save them from insolvency and allow them to continue gambling on property and asset price inflation, the money would go direct to infrastructure projects with tangible economic benefits for the whole UK economy.

Conclusion

The mainstream portrayal of Corbyn's renationalisation and direct QE policies as unpopular with the public and dangerously radical is completely backwards. Especially given that the current government is pursuing an extremely radical and destructive ideologically driven agenda with the complicity of the mainstream media.

In reality Corbyn's policies aren't that radical or unpopular at all. 


I'd prefer to see Corbyn present a truly radical proposal, such as new legislation to prevent the banks from just creating money out of nothing through the introduction of cryptographically secure electronic money, but what Corbyn is proposing is at least an improvement on the current policy of leaving money creation policy entirely in the hands of the banks that plunged the economy into crisis in the first place, while the government uses that same crisis as an excuse to go on a highly destructive ideological crusade to slash and burn public infrastructure and services with the ridiculous justification that it is possible to cut our way to long-term economic prosperity.

 Another Angry Voice  is a "Pay As You Feel" website. You can have access to all of my work for free, or you can choose to make a small donation to help me keep writing. The choice is entirely yours.






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Asset stripping "bankrupt Britain"
                                
Margaret Thatcher's toxic neoliberal legacies
  



Tuesday, 22 September 2015

How depraved is David Cameron?


So it is alleged that David Cameron put his private parts inside the mouth of a severed pig's head as some kind of depraved initiation to an elitist Oxford society. Nobody can be sure of the veracity of the claims other than those who were there, however it is claimed that there is photographic evidence of the incident, so it should be absolutely clear whether or not it happened from David Cameron's reaction. Either he decides to sue for libel, which would indicate that he believes the photographic evidence doesn't exist, or he'll just sit there and allow everyone to think that he's a "pigfucker" because endless repetition of the unproven allegations wouldn't be quite as damaging as the actual photographic evidence would be.

Aside from the allegations about what David Cameron did to a dead pig's head, there are a number of much more serious, but less headline grabbing issues to consider. One is whether the allegations that he helped a major Tory party donor (Michael Ashcroft) cover up his tax-dodging activities, and another is the desperate hypocrisy of him leading a party hell bent on actually intensifying the failing ideological "war on drugs" when he allegedly took a lot of drugs as a youth. What kind of vindictive bastard would continue sending young people to jail for doing precisely what they themselves did when they were young?

Anyhow it's worth considering the fact that everyone should already have know that David Cameron is a despicable and depraved individual long before the allegations about what he did to the severed head of a pig as a young man came out.
It's public knowledge that Cameron was part of disgusting elitist societies like the Bullingdon Club, who went around doing stuff like burning £50 notes in front of homeless people and trashing restaurants for a laugh.
It's public knowledge that Cameron's party have imposed draconian austerity measures on the poor, the ordinary, the young, the sick and the disabled while handing huge tax cuts to the super-rich minority and to multinational corporations (including the banks who caused the economic crisis in the first place).
It's public knowledge that Cameron is an inveterate liar who repeatedly tells outright lies about the UK economy and his government's economic track record. It doesn't seem to matter how many times he is rebuked by the UK Statistics Authority, he just keeps on repeating the lie that his government is reducing the national debt, when in fact they have actually doubled it, creating more new public debt than every Labour government in history in the process.
It's public knowledge that David Cameron tried to get the UK armed forces to assist the rise of ISIS by bombing the Syrian government. Thankfully this utter insanity was defeated in parliament, causing him to become the first Prime Minister to lose a war vote since 1782. However, the fact that so many MPs recognised the insanity of what he was proposing and defeated him doesn't detract from the utter lunacy of what he was trying to do.
It's public knowledge that David Cameron is so totally and utterly out-of-touch with reality that he actually read out a speech calling for permanent austerity for the poor and ordinary from a golden lectern, while completely surrounded by the trappings of extreme wealth and privilege.
It's public knowledge that David Cameron's government oversaw the longest sustained decline in UK wages since records began, and then tried to dress themselves up as the party for "hardworking people" with an Orwellian propaganda campaign.
It's public knowledge that David Cameron has let Iain Duncan Smith orchestrate a deadly campaign of terror over the lives of millions of the most vulnerable people in society. Given his extraordinary levels of malice, dishonesty and ineptitude it seems likely that the only way IDS has managed to hold onto his job as head of the DWP is that he knows some dirty secrets that are significantly worse than what Cameron is alleged to have done to that severed pig's head.
In my view the allegations about David Cameron's drug taking and the depraved initiation ceremony he took part in are not really very significant. I mean all but the most boring of us did something extremely regrettable in our youth, perhaps not violating a severed pig's head with our genitals, but something embarrassing we'd prefer not to be dredged out and made public knowledge.

Of course the majority of people in this country who are not Tories have had a good laugh about the allegations, but the fact is that what he may have done as a young man is nowhere near as depraved as what he's spent the last five years doing, because the only victims of the alleged pig incident were an already dead pig and Cameron's personal reputation. The human victims of his depraved political ideology are very real and far too numerous to count.


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Image credit: I took the pig's head image from Google images and cut out the background detail. Amazingly the guy who wrote the butchery article it came from got in touch. Here's a link to the article: Removing a pig's face from its skull is harder than it looks.



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