Tuesday, 4 October 2011

Shut Down Casino Capitalism

Financial and banking interests have eroded our democracy and our sovereignty and are taking our economic futures away from us.  Casino capitalism has to be shut down or at least heavily taxed and regulated.  Banks should no longer be able to gamble in the casino with their customer's money without their consent.

The stock market is not the economy and yet it's machinations influence our lives to an excessive degree.  With the big investment banking institutions able to wield the financial weapons of short selling, market rigging and high volume electronic trading against entire populations they are able to cause food prices to soar or a nation's currency to become worthless overnight, without not one single care for the suffering they have caused so long as they profit from it.

The odds are stacked very heavily against the man or woman in the street - the 99%-  who have to figure out where to save their hard earned money, the very little which they have left to save that hasn't already been taxed, insured, rented, mortgaged or credit carded away from them.  Who feels clear about their financial future in this climate?  Only those who have rigged the system in their own favour or those that have already lost everything.

1 comment:

  1. An interesting dialogue is price comment. I feel that it is best to write more on this matter, it may not be a taboo topic however usually individuals are not enough to talk on such topics. To the next. Cheers.
    An interesting dialogue is price comment. I feel that it is best to write more on this matter, it may not be a taboo topic however usually individuals are not enough to talk on such topics. To the next. Cheers.

    ReplyDelete