The leader of the Liberal Democrats, Nick Clegg, was correct when he referred to David Cameron as the biggest conman in British Politics. Cameron, along with Osbourne are a complete disaster. They have said nothing of substance….ever. They are merely riding the tidal wave of anti-Gordon Brown sentiment. They don’t need to say a word, they are destined to become the next PM and Chancellor of Britain. They are Friedmanites in ideology, but why don’t they say so? I’d suggest it’s because people weren’t that keen on Milton Friedman’s experiment here in Britain in the 1980s, and they aren’t likely to have forgotten the misery it caused.
Watching shadow Chancellor George Osbourne on Sky News (which is apparently trying to take over the World at the minute….. unsurprising, given that it’s run by Murdoch) talk about the Country being in financial ruin, whilst stood on the steps of his Notting Hill home, was a little bit cheeky to say the very least. The Conservatives, are certainly up to their old, regular tricks.
What they have rather cleverly managed to achieve, bewilders me, and destroys what little faith I have left in the British public. They have managed to turn the debate toward public spending cuts. The public are now engrossed in talk of public spending cuts, as if it’s going to be the saviour of Britain. One thing is for certain, without investment over the past year in public services, by the Government and opposed by the Tories, we’d be in much deeper mess than we are now.
Now, they don’t ever mention that public spending cuts should only come when the economy improves and we can afford to cut the deficit a little, so as to keep as many in work as possible; the way the Tories speak of spending cuts is in the context of the tough times we’re in today, as if spending needs to be cut immediately! Which, it doesn’t. They are no different. Fight for the Country, put your life on the line when war rears it’s ugly head…..and then work for next to nothing (they opposed the minimum wage) when you return.
It is interesting that they’ve taken this route, but it’s an illusion. It is simply a smoke screen to take our minds off the real problem. The system of economics that the Tories themselves brought into the Country in 1979, failed miserably. Yet they cling to it. They’re anti-Brown, when the Country is anti-Brown, they’re climate change progressives when the Country is climate change progressive, they then hide behind manipulative terms like “progressive Conservatives“, suggesting they are capable of changing their colours. They aren’t capable of changing their colours. How did we get to spending cuts? The real issue is the economic structure. Deregulated, free for all, Capitalism does not work. It failed. It is no surprise that the financial crises we now find ourselves in, came directly from the two epicentres of the neo-liberalist agenda of the 80s; America and Britain. They instilled into the minds of a generation the idea that we must all strive to own our own home by any means necessary. Fast forward thirty years, and the sub-prime market melts down horrifically. It allowed banks to inflate beyond destruction, steal, bribe, corrupt their way through life, and then it brought the entire World down with it. You can be thrown in jail for robbing money, on any street in the World…..apart from Wall Street. The Thatcherite revolution destroyed the power of the unions, yet masturbated the egos and gave power to arguably a bigger threat than the unions….big business and the financial sector. The Thatcher era, lead into the Blair era, which will lead into the Cameron era. There is no real change. It’s the the same tired message. Cameron will not address this. He will carry on, and we’ll hit another financial crises when the next deregulated financial bubble of unsustainable growth bursts. Neo-liberalism, whilst cloaked in manipulative language such as “freedom” is merely the horrendous suggestion that a stable economy is built on immense debt and excessive risk taking.
The Tories have made the wrong call on pretty much everything, since this crises began. They opposed the stimulus. They opposed the bank bailouts. They opposed further regulation of the utterly immoral financial sector. In fact, in early 2007, the produced a report that called for the TOTAL deregulation of the financial sector, which means sub prime would be the least of our problems. They are just a nightmare of a party. They are the problem, not the solution. The idea that regulations that exist to protect consumers against con tricks like sub prime, should be rolled back to allow the free market to flourish, is a Conservative/Republican ideology, an epic failure of an ideology. The idea that markets will deliver respectable services, when unhindered, is simply ridiculous. With the regulations pulled back, the corrupt banks were able to look to short term gain, without assessing the risk of long term Global meltdown. Sub Prime was a scam, the epitome of the heartless unhindered greed of a Conservative ideology, that failed miserably.
It follows then, that those who support the Conservative ideology of less government intervention (I have little faith in government, but I have far more faith in government, than in the private sector) would support Matt Ridley’s ideal, that less government intervention in the financial sector is preferable to sustain a healthy financial industry. That Socialism is a great evil. Of course, Matt Ridley was on the board of Northern Rock when it collapsed, due to it’s ridiculously over risky business model, unethical with it’s saver’s money, leading to Socialism bailing it out (which Ridley didn’t seem to complain about).
Why are we complaining about Government? The market placed failed. And why isn’t Gordon Brown (who is hugely responsible for this mess) saying “okay, I made a mistake, I followed on where Conservatism left off, and it failed, miserably. Time to do it the right way!“?
The Conservatives aren’t offering anything different, the Conservatives are being Conservatives. This is what they do. Tax cuts for the rich, public service cuts, and lack of support for those struggling the most. It’s an ideal time to be a Tory.
I guarantee nothing will change. Banks will go back to excessive risk taking (worse than before, given the roll backs in regulations likely to come from the next Tory government), another bubble will appear, there will be widespread misery, job loss, suicide rates will shoot up, homes repossessed, but those at the top will enjoy greater wealth than ever before, and the bubble and will eventually burst, in 20+ years time, and we will be faced with another round of Socialism having to bail out the miserable failure of Capitalism. They have simply been incredibly clever in turning the debate away from the failures of free market capitalism (I haven’t heard Cameron mention anything like closing Corporate tax loopholes), and onto the role and financing of the public sector.
To sum up, I wont be voting Conservative, ever!