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Chipsdown

Chipsdown

BROWNDOWN MELTDOWN

 

There is an excellent article by George Monbiot in The Guardian today: ‘One financial meltdown, it seems, is just not enough for Gordon Brown’ (8th September, p.33).

Monbiot indicates Gordon Brown’s degree of responsibility for the current crisis of capital and his dysfunctional reluctance to attempt to place substantial restraints on banks and bankers’ activities – which have been ruinous for millions.

As Monbiot notes:

“So there will be no reckoning. There will be no firm restraint, no punishment, no measure sufficient to prevent a repetition of the crash. The only people who will not be harmed by the banking crisis are the bankers who caused it”.

See the article at: http://www.guardian.co.uk/commentisfree/2009/sep/07/financial-meltdown-gordon-brown-g20

Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

One Comment

  1. Heads of state are responding to the widespread public outcry over the perception of excessive compensation in the banking industry. However COP 15 is now only 3 months away, and while political rhetoric scores points with a disgruntled public, it siphons energy away from the tremendous efforts required to find consensus on climate change.

    http://thegreenmarket.blogspot.com/2009/09/politics-of-curbing-bankers-bonuses-in.html


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