If you haven’t seen it already there’s a quite wonderful piece by George Monbiot in today’s Guardian, on why the British government won’t be condemning short-selling.
To understand its position, you must first understand that the government is not managing the economy for the people of this nation. It is managing it for a tiny transnational elite, a kind of global gated community. To the people inside the gates, who fund the Conservative party, who own our politics, the media and the banks, the rest of us are an inconvenience, to be bribed, threatened or fooled.
The politicians who get to the top in these circumstances don't just present no threat to the gated community, they actively do its bidding. That is why Tony Blair succeeded where his Labour predecessors failed.
And in another story about the Tories and their City pals, here’s the Daily Mail.
David Cameron was accused of ‘gross insensitivity’ last night after it was revealed that internships with City hedge funds were sold to wealthy Tories’ children for thousands of pounds to raise cash for the party.
At the Conservatives’ Black and White Party, millionaire Tory supporters paid around £3,000 each for their children to have the golden chance of spending a week or two with a number of top finance companies and banks. If they do well and win a full-time job, they could join the ranks of City tycoons who earn multi-million pound bonuses.