Clause 4 Thought

Ha-ha, ha-ha, ha-ha-ha - now fuck off!!



Now, I may have got this wrong, but to the best of my memory...........

Nationalised industries - and by these I mean utilities and essential public services, such as post offices - were owned by the tax-payers. They kept charges to a minimum as they had no NEED to make vast profits, only to make money to reinvest in the service, and any money they did make belonged to the tax-payers anyway.
Their bosses were paid morally justifiable wages, wages which could be seen to fit at the top of a scale on which their employees were paid.
When these nationalised industries made a loss, the shortfall was made up by the tax-payer.
However, Murdoch and the Daily Mail told everyone that nationalised industries were crap and couldn't work and always made a loss. They said they were run by crap managers and the only way forward was to privatise everything and base the whole system on a share-owning "democracy" (Ha, ha, ha, ha!). Deregulation would then open up the "markets" and, with loads of different companies competing for the same business, prices to the consumer would be driven down and services would be improved. Private enterprise would attract the very best managers (aka people who produce fuck all and take all they fucking want). Also, the tax-payer would not have to fund the infrastructure or any losses.

Well, how fucking come, in this mad, massively unstable world of private enterprise, when banks and insurance companies go bust (as a result of their own sheer greed, greed not only of their chief executives but also of their think-short-term-get-big-bonuses-driven employees), Johnny Tax-payer is expected to pick up the fucking pieces?
Were we given regular wads of cash from their gigantic profits in the early days? No, we weren't. That went to the bosses, the employees and the shareholders. Were these shareholders little old Mrs Snatchbollock down the road, Mr and Mrs Wifentwokids on the new estate, Ms Canvaspants, the struggling primary school teacher and well known lone parent? Nope! You see, the vast majority of the shares in these corporations were/are owned by other coporations and mega-wealthy speculators.
Were the bosses of these obscene outfits paid salaries in some way linked to a pay scale at the companies? Nope! They were paid as much as they could fucking get away with, while the rest of us in the real world paid the price in cut services and highers charges. "Well, you've got to pay the best to get the best", said Murdoch and the Mail. Well, if they were so fucking good, how come all these banks and financial corporations are going tits up? Isn't that the fault of the managers? Wasn't it them who made ridiculously risky investments in pursuit of short-term profits?

So, who suffers? Those red-braced, stripey-shirted, Mormon-coiffured fucking avaricious young BMW-driving wankers who were only interested in making lots of money for producing absolutely nothing except numbers on a balance sheet, for a start. Five thousand of them were made redundant with the collapse of Lehmans - and I've never laughed so much to see people losing their jobs. All the other bastard banks and insurance companies are still in the firing line, however. Which will go bust next? Merril-lynch? Morgan Stanley? Goldman Sachs? HBOS? The answer is the same as to the question "If Jim Davidson, Margaret Thatcher, Liam Gallacher, Anne Diamond and Vanessa Feltz all fell off a cliff, who would hit the ground first?"..........WHO FUCKING CARES!!!!

Now AIG is on the verge of collapse. Everyone around the world will suffer if it's not rescued by the taxpayers of the good 'ole US of A, we are told. Well, my advice is, think long-term, not short-term like them. Endure a little bit of suffering - go on, forego that third holiday of the year or that fourth 4x4 - until these wankers go to the wall and they all start weeping and wailing. Fuck 'em. When will they ever fucking learn - global capitalism don't work!!

Global capitalism can go to Grantham.