Tag: Banking

Dear Editor

The banking organisations, through incompetence, nearly made the country bankrupt but the debt was passed on to the people to shoulder. They had to accept a lot of unemployment, higher prices in the shops, frozen wages and severe cuts to public and social services.

To avoid any resistance, the authorities launched a campaign of diversion and blame. Everyone can remember how different sections of society were blamed in turn: the unemployed for not working, the disabled for being on benefits – all were targets to be blamed.

This went on for many years and people had taken enough of austerity; there was a growing mood for change, calling for the authorities to take the banking industry into public ownership and impose tighter controls over financial institutions.

This fast-growing popular demand was greatly feared by the political elite. It took them quite a while to develop an idea to divert these demands, but after eight years they were successful. It was a continuation of the blame game, but this time not blaming our own people but any and all those coming from Europe – and the idea of a Referendum was born. They concentrated on three main issues: Control, Laws and Migration.

1. Since the referendum we have lost thousands of people wh o formerly worked in our social services and the NHS: these services are now struggling to keep going.
2. Most laws from the EU have been beneficial, adding to workers’ rights and conditions of employment. EU laws also protect the environment. The UK Parliament as a law-making body remains in control.
3. This is the most mentioned issue. For whom are the demanding control? The British people have already said they wanted the banks to be publicly owned and demanded tighter controls on financial institutions. Control is such a loose word that can be manipulated by individuals for the benefit of the few.

The promoters of the referendum conducted a continuous campaign of national ‘brainwashing’. Putting relentless pressure on people is not a new idea, as a look back at recent history will confirm.

But unfortunately nearly 50% of the population were aware of the implications of a break with Europe that is our biggest trader of imports and exports, and closest.

A. Delahoy,

Silverknowes Gardens