Regulate the markets

My good friend ( and not that old mate) Jon of the Rogers is correct to state that 'Working people need an alternative to this failing capitalist system and our trade unions are the only tools in our hands.' He is right in that the trade union movement appears to be the only place right now where democracy prevails (apart from a few minor problems) and where those in membership exercise true control. I am saying this because the current political system we have has shown us that those we elect exercise little authority over decisions that allow us to control our destiny's and politicians are subservient to market forces that control them and the rest of us.

I am of course simplifying the issue here and I know as much as everyone else that we all have to operate within a market and this could be ok if the markets had some responsibility towards democracy and its institutions. Deregulating the markets has meant that the boyz in grey suits are allowed to go in to their expensive offices every day and make big money by speculating on the future of countries and smaller states. The example of what happened to Spain and Italy in the last 3 months shows us how volatile the markets are. Spain was forced to borrow at 6.3% when it has huge debts to repay. Just think what this means when the average mortgage rate here in Britain is currently 2% (if not less) and if you see Spain as a family of many trying to survive and pay back huge loans you can imagine the devastation this interest rate rise creates.

What infuriates me with this situation is the fact that countries allow this to continue and that people simply move on and try to deal with the havoc the markets are causing because they think there is nothing that can be done. Well this is not right and if governments all over the world stood firm and agreed to regulate the bloody markets ( the markets consist of Tom Dicks and Charlotte's and are not bloody invisible ) then things will improve. Right now the only non corrupt institutions are the trade unions but they need to link up on an international basis and deal with this problem otherwise we will end up with another global catastrophe like we had in the last century.


http://jonrogers1963.blogspot.com/2011/12/can-we-buck-market.html