A failing country - rewarding irresponsibility, corruption and cheating

In a speech in London, Ed Miliband, the current leader of the Labour party, admitted that, following a decade in power, voters looked upon Labour as the party which protected claimants abusing the welfare system (cheating), allowed reckless gambling in the City (corruption) as well as the reward of failure in the boardroom (irresponsibility). 

He said "Labour - a party founded by hard working people for hard working people - was seen by some, however unfairly, as the party of those ripping off our society".

The Labour leader said the party must now focus on changing this perception, he said Labour must become a party that "rewards contribution, not worklessness." He said Labour must also focus on rewarding "entrepreneurship" and "wealth creation", and said that Labour "must change" in order once again to be "the party of the grafters". 

He said Labour had failed to change the 'take what you can culture' (i.e. 'greed') and had "failed to change the ethic of the country" ...

Indeed so ... and they have now effectively admitted it! 

In fact the truth is they made things far worse ... as they showed that Labour, a party backed by the unions, and supposed to represent the interests of honest hard-working people, failed to represent their interests at all ... and, corrupted by power, and focused on media sound-bites and self-interest, acted recklessly and irresponsibly ... without any moral/ethical values at all ... 

Indeed Labour politicians promoted the line 'greed is good', and 'took what they could' for themselves (e.g. just take a look at the expenses scandal, and at all the executive/non-executive positions in large corporations/banks they took up for themselves) ... as they 'milked' their position of power, whilst preaching the moral high ground to everyone else! The truth is that New Labour, during their decade in power, destroyed the country ... and the vast majority of people in the UK are now paying the price ... (nb Tony Blair, on leaving office, immediately joined the bankers, and paid £1m/year for doing virtually nothing!) ... 


So should we trust them now ... definitely not (nb Ed Miliband was himself part of the Government that destroyed the country - and will say anything to regain power). Ok, so should we trust the people currently in power ... definitely not.


One day there will be change ... but it will be led by very different people, and not the leaders of any of the current parties. It's a shame the unions didn't bite the bullet and create a new party to really represent the people (as they threatened to do following all the expenses scandals) ... to fight corruption and greed, as well Miliband, Clegg and Cameron.

A sign of things to come ...?

Police lines created to ensure tuition fees are tripled (despite all the protests)

The "Royals" - caught out, caught up, and looking at the road ahead ... ?

As the Government voted to triple student tuition fees, anger amongst the young bubbled up, a fellow blogger pointed out ...

"I reckon that most students protesting don’t really understand how the system works.

With all money (notes and coins excepted) being created as debt bearing interest, and more debt being needed to satisfy repayment of existing debt + interest, either there has to be more debt or deflation and debt default must occur.

The system is inflationary and requires an increasing level of debt to survive in its present form, but there’s a problem:

1. The hopelessly indebted will borrow till the cows come home, but can’t pay it back.

2. The modestly indebted could borrow, but are nervous of their economic future.

3. And the prudent won’t borrow per-se because they see it as the road to ruin.

Enter the poor student ... The system needs new debtors, and what better way to get them than sucking in the young with student loans. And if the system needs more money (debt), then raise tuition fees."

The banks created the crisis (and debt), were bailed out by the taxpayer, and continue to reward themselves billions in bonuses.  To generate more debt, the banks need more victims (and ones more likely to be able to pay it back) ... so the Government slash University teaching budgets by nearly 80% (over 3-4x the level of cuts to other public services), remove EMA for 16-18 year olds, and force students (the future generation) into becoming those debtors (to the tune of £40-80k)!  

Future generations will not forgive the perpetrators of this crime ... or those who renege on their election promises - so IMHO we will now see the Liberal Democrats heading towards the wastelands, along with any chance of real electoral reform  ... and for all the conspiracy theorists this will appear to be a cunning Conservative plan successfully completed!


But can the Conservatives be happy ... well no, not really ... as the politicians who are probably enjoying this the most are Labour, as they see themselves as the beneficiaries of all this at the next election, when both sides of the coalition are forced out of office for failing to deal with the mess (that Labour itself created)! This did not have to be the case, but the coalition are currently letting off/rewarding the guilty (i.e. the bankers) and punishing the innocent (i.e. future generations/hard-working people) ... which make previous comments by Mervyn King (referring to those voted into power in the 2010 election being subsequently out of power for a whole generation) more and more relevant!  

Whilst this may be the beginning of the end for the Liberal Democrats, IMHO it is not the beginning of the end to all the objections, protest and anger ... as the tuition fees debacle has a long way to run, and this is just one of numerous unfair, unjust and unpopular proposals/cuts the coalition are looking to force upon us ...