THE CURRENT ECONOMIC CRISIS: CAPITALISM WILL EAT ITSELF
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Do you know "the elephant and the group of blind people" story? It goes like this: A group of blind people get the chance to touch an elephant. Afterwards, each describes the elephant. One person describes the elephant as being a long, wiggly thing that hangs down and has a soft grappling mouth at the end. Another describes the elephant as being like a tree trunk. Another describes the elephant as being like a long, sharp, smooth rounded tooth.I think the global economic situation is like an elephant and bankers are blind people who only know their bit of an elephant. None of them understand the whole animal.
That's why no one can say exactly why we are in this stupid situation where we are having to give money to banks, or how we get out of it. The Human brain is too small to compute the entirety of the massively complex global financial system. The whole thing is a triumph of human co-operation, but that means that no one person, or group of persons, understands how it all works. No one person is in charge.
And at the moment it seems to me that no one is in charge of America - that whirlpool of financial chaos that's churning up the financial waters of the rest of the world. Bush is stuck because he can't take military action against a financial system, and for the country's next president there's a choice between a man whose voice has not long broken or one who pops his teeth into a glass of water every night and probably has bed baths.
None of them has the guts to tell America that it has got to stop being so scared of this 'sliding towards socialism' nonsense, bite the goddamn bullet and loan its banks billions of pounds they need. Americans would soon learn that it will not be the first step towards communism. It will be the first step towards mopping the fevered brow of capitalism.
I'll do it if no one else will. Although, if Hettie Jacques is still alive, I think she should.
Failing that, I think we should take the second home of every banker and give them to the less well-off who were priced out of their own villages by the wankers from the city. Then the bankers should be put in the stocks and have stale focaccia thrown at them before being dragged to the Halifax Gibbet (oh, the irony). Imagine how much fun we would all have distributing their wealth.
Then we should all learn the words to The Internationale and have a good old singalong ...
Arise, wretched of the earth
Arise, convicts of hunger
Reason thunders in its volcano
This is the eruption of the end
Of the past let us wipe the slate clean
Masses, slaves, arise, arise
The world is about to change its foundation
etc...