Post puffs a Fat Cat

by Che Thu Oct 16, 2008 14:00

..........you misquote and spin the article like a veteran of Alistair Campbell’s WMD campaign.

I doubt you will be happy unless perhaps Hargreves commits "suicide" in a field somewhere after being ripped apart by a baying mob in the full view of the cameras for trying to tell it like it is - aka Dr David Kelly.

What Hargreves was stating was fact and that is that 7 years ago - we SHOULD have had a recession! It would have been minor and easily overcome as part of the normal economic cycle.

But this government propped up the economy artificially by allowing cheap credit. In fact their manifesto actually stated that cheap credit was the lynch pin of their strategy.

All that did was put off the pain and make it far far worse now. Which of course it is.

But no!

Some on here would rather not understand even basic economics and simply throw a spin laden tantrum aimed at someone who has actually had the guts to stand up and tell us the truth.

What you don't like is the fact that he is successful, - he is good at what he does, - he understands what people want.

Envy.

by bish Fri Oct 17, 2008 15:03

I agree - the poster of this so called news item has completely failed to grasp the thrust of the article and has instead workjed thmeselves into a beliggernat land largely irrelevant frenzy.

Ugly and dissapointing.

by Evening Post Watch Fri Oct 17, 2008 16:42

Yeah, I get what Hargreaves is saying, Che.

I do understand the point about recession being held off by cheap credit.

My point is that this guy is someone who brags about profiting from recession one minute then talks about being desparate for one the next.

He isn't some neutral commentator. He's a stockbroker. This is his system and he must share responsibility for the chaos and destruction his system causes.

Markets don't exist outside of human activity. Capitalists, like Hargreaves are responsible for the death and suffering caused by their system.

Your problem, Che, is you don't have the ability or imagination to conceive of a system beyond capitalism.

You think that recession and markets are natural and that us little people should just submit to them. Screw that.

Recessions, whenever they occur, cause unnecessary suffering. And to see those responsible profiting and claiming that recession is somehow necessary makes most people sick.

by Jog Sat Oct 18, 2008 05:49

I wouldn't take anything that that is published by indymedia as representative of anything other than a very small group, certainly the idea that they are representative of the 'left' , or progressive thought, is nonsense.

Your description of the site, & their 'independent media' is accurate, your conclusion is not.

.... but if you want a real laugh, go & have a look at the nation indymedia site....... :-)

by Che Sat Oct 18, 2008 08:30

.......... and all too familiar is the fact that those that are clearly anti-capitalist can only deride, spin and spit about how awful the market economy is and say that we "would not understand" or that we "are short sighted" - whatever!

But not one came on the adjacent thread (on Parecon )to set out what sort of economy would suit them. OK - we had a good discussion about Paracon but the lack of any other input was disappointing - AND we still had the same old trolling from the Anti-capitalists with their tired, worn out clichés.

All that was said were phrases like "we are not going to share our ideas with you because you would just use them to make a profit" - so rather than set out a credible alternative to what some dislike, the conclusion has to be that there is an answer - there is an alternative to the market economy!

BUT - those that know what this wonderful alternative is are keeping it all to themselves as their little secret. ;0)