Canning Town were I live is covered in that white stuff known as snow. It’s not often that we’ve see snow in London in the recent years; but this morning we have a winters covering and just before the mad run up to Christmas, of course this has nothing to do with what I’m going to write about of which I’ve not even certain or have an idea, I think, I’ll have a little think out aloud, as to how I see things politically in the closing of the year and ending of the first decade of this century.
So here we are at the closing of this decade, on a winter’s morning and I’m imagining that there will be many thousands of families and single individuals who will find paying just to keep warm comes with great difficulty!
Having taken a short break from the composition of this post, as I had to attend Canning Town JobCentre to claim the pittance that keeps me in the lifestyle that I’ve become accustomed too, I return to take-up my deliberations. My employment adviser, a very nice chap, I think, asked what I would be doing over the festive holidays to which I replied working on this and the other blog ‘In the Box’, he, my adviser, asked out of interest where he would be able to find my blog, so I gave him my (URL) uniform resource locator address on the world wide web, and if by any chance he reads this, as he said he would then may I extended my warmest of greetings to him and his family over this Christmas period.
Well one thing is for sure and that’s next year the country goes to the polls to elect a new government, we can, in the new-year expect the three mainstream parties to start in earnest the phony war, many will become tired of this political urinalysis before that great day and will simply switch off, and who can blame them, if they haven’t heard it all before or maybe we have all become a we bit disillusioned and mistrustful of this élite.
There is not one of these parties that offer any way out of the situation that we are in, they all propose to do the same, in short, hold up and support the capitalist system that is responsible for the world crises or recession.
Twelve months ago, the panic sown by the bankruptcy of Lehman Brothers had pushed financial markets close to collapse. Global economic activity, from industrial production to foreign trade, was falling faster than in the early 1930s. This time, though, the decline was stemmed within months. Teetering, seesawing banks were rolled in a multi-trillion-dollar wrap of government cash and guarantees. Central banks slashed interest rates; the big ones dramatically expanded their balance-sheets. Governments worldwide embraced fiscal stimulus with zestfulness. This extraordinary activism helped to stem panic, prop up the financial system and counter the collapse in private demand. It also demonstrated the real role and character of government in our so-called democracies – to hold that system up, come what may, by force of circumstances and whatever the costs are in terms of jobs or even the homes of ordinary working people. So whilst banks receive transfusions of cash, communities are abandoned or simply left to stagnate. One interesting example has to be the beleaguered US city of Detroit reported to be in danger of running out of money. The city's accumulated budget deficit is said to be greater than $300 million. Now it is threatened with being placed under the financial management of a person appointed by the governor. And just to give a taster of how bad things are today, according to a new study in the Detroit News, it claims that the city’s unemployment is actually closer to 50 percent than the government’s official 30 percent. A new survey commissioned by the paper said that a full 100,000 people had become so discouraged that they simply gave up looking for work.
The situation in the world is still fragile, because global demand is still dependent on government support and such openhandedness has papered over old problems while creating new sources of unpredictability.
This time last year in Britain 20,000 workers, painfully worked their last Christmas at the stores of that famous icon on the high street Woolworths, flung and cast aside like a discarded tree after Christmas, was the reward given for the many years loyal service of its workforce. This year that trend continues as around 1,100 staff at bookshop chain Borders will lose their jobs next week, administrators said today that after they failed to find a buyer for the struggling business its 45 stores across Britain, will close on Tuesday, with staff finishing work two days later on Christmas Eve.
- ► 2008 (112)
- “hope” and “change” and the "afghanistan pipeline"...
- Welfare not Workfare
- Too little, too late
- Tower Hamlets referendum is a travesty!
- The Spirit of Christmas
- The Cost of Christmas
- Discarded Christmas tree!
- Christmas Cheer!
- Child Poverty at Christmas
- What's the flurry he's only the Pope
- ▼ December 2009 (11)
- ► 2010 (227)
- ► 2011 (200)
- ► 2013 (120)
- ► 2014 (76)
- ► 2015 (21)