Thursday, September 11, 2008
The re-distribution of wealth has created filthy rich equal society….
Banking bonuses are partly responsible for the current global financial problem. There is no real counter argument and the ones bandied about all boil down to the same mindless excuse that international arms dealers use: ‘If I didn’t do it someone else would’. A vast proportion of bonuses were ‘awarded’ for reckless lending. The painful irony is that these bonuses will be reinvested for yet higher returns, creating more bubbles that will eventually burst spectacularly leaving the taxpayer to - once again - get out the mop bucket. This collateral damage is the cost of war - albeit economic.