Monday, 9 May 2011

A Leftist article: 'We Must Not Bailout Our Oppressors, A Report On The 2008 Bank Bailouts'

The financial crisis, recession and near depression that now effects us continually, was not a sudden occurrence in 2007. It was a crisis dwelling from the end of the 20th century, and the beginning of the 21st. It was government subservience to the greed, incompetence and corruption of the world’s major corporations and banks. They granted loans to those who they knew could not afford them, to intentionally manipulate their debts as extortionists. They arrogantly acquired worthless currency in the casino of non-existent stocks and shares, acquired through their criminal risk.
As consequence of their actions, it was necessary through Keynesian understanding and lessons from the great depression, to spend hundreds of billions in international stimulus to prevent complete collapse of the world’s economies due to the oligarchy’s anti-economic monopoly. The course of action succeeding should have been as follows. The corporate and banker criminals should be imprisoned for many years as the criminals they are. The bailed out banks should be taken over by the public as cooperatives, an international Robin Hood tax should raise tens of billions for investment in society, along with a war on the tax evasion that governments have always  otherwise been complicit in.
Instead, investment bankers pay themselves even larger bonuses with the money they were bailed out with, while opportunity and welfare are devastated in regressive “austerity” budget cuts by governments that they control. They buy cars and grant internships for their privileged children,   in black tie champagne drinking parties with politicians inflicting the injustice, ordered and directed to serve vested interests by commissions headed by corporate directors. The disparity between the very richest and the very poorest constantly grows. Where justice is not brought by law, the law must be broken to bring that justice. A fantastic organization called UK Uncut is taking direct action against tax evasion and banker bonuses subsidized by the public victims of budget cuts, through civil disobedience, and it is a movement spreading throughout the world, in collective consciousness to the spring of revolutions, occurring for just the same reasons.
Our stand for freedom for justice is through non-compliance. The authoritarian police state that is attempting to oppress it shows the threat to the ruling class it poses. I am willing to walk the walk where I can, and I am willing to go to prison.  As Henry David Thoreau said: “Disobedience is the true foundation of liberty. The obedient must be slaves.” We choose between the obedience and slavery of always, or justice found through disobedience.