Thursday, 23 September 2010

http://www.bbc.co.uk/news/business-11388764


Vince Cable appears to be getting a fair amount of flak for daring to criticize the banks and their rampant overzealous capitalism which exacerbated the economic crisis. One point that this is fine when opposition but not the sort of rhetoric expected of the Business Secretary whose role is not to criticize business. This is clearly nonsense as he is it least being consistent whether you agree with him or not and since when could a government minister not air grievances about matters that he oversees. The Education Secretary can complain about poor exam results or failing schools, the Health secretary about underperforming hospitals so why not the Business Secretary raise an issue he believes needs addressing concerning the department he oversees. Much is often made of not upsetting the markets as they are very nervous which implies that a radical overhaul is required to introduce a less unsettled system that does not result in economic meltdown everytime somebody hurts their feelings. We know of course that this will never happen as in reality big business are nothing more than bullies who blackmail all that if they don't get their own way and the tax breaks they want they will take the ball and the jobs they provide and go and play with another country who'll let them do what they want.
   What is even more disappointing is that this report comes from the impartial BBC and not an expected right wing media outlet confirming the fear that this is now the consensus view and be ready for the backlash should you stray from the status quo. From an organization that likes to present the other side,however marginal e.g. climate change deniers, this is simply depressing.

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