Archive for the ‘Business’ Category

What really matters?

October 7, 2008

As the world’s media is caught up in an economic free fall frenzy, share prices are dropping dramatically and financial stability is ever so fragile I ask myself one question; So ****ing what?

So what that the FTSE, ISEQ, Wall Street is down the tubes. So what that our banks and financial institutions are in crisis.

I ask myself- are these the stories that really matter? As we slide dramatically back to the days of 1929 and The ‘Great Depression’ looms large- Do I really care? The answer my pocket fumbling friends is NO, I don’t.

You may ask yourself- well, what should be making the world’s headlines while I’m flicking through my paper this morning? As I read about economic forecasts for 2009  I can’t help but wonder where are the things that really matter?

What I’m talking about are the news stories that actually affect not only every single one of us on the planet but our animal friends and our environment. While people are worrying about monetary instability what the hell does it matter if there isn’t fresh air to breath, clean water to drink or any trees left to give us oxygen to live.? What does the slide in the markets matter when I watch the destruction of the globe happen in front of my very eyes?

The stories that really matter are not the finanical crisis. The stories that matter are the environmental crises. The apathy to environmental issues by the media and the public at large disturbs me. As capitalism is in crisis why do our leaders and media moguls not seize the opportunity to once and for all change the focus to what really affects us?

 As I breath into my inhaler and I struggle with the adverse weather conditions on my way to the hospital to visit my uncle dying from cancer. I can no longer deny that climate change, our sedentary ‘first world’ lifestyles as well as environmental destruction doesn’t affect me.  It affects all of us and why aren’t we in a frenzy about it? Because we are too worried about the bank balance and the change in our pockets.

I’ll include a little example of the type of disaster I am talking about. It’s about the melting of Europe’s largest glacier in Iceland. No big deal…

http://player.kamera.com/irishtimes/index.html?serialid=40101

Bunch of Bankers

September 30, 2008

 An Tanaiste Brian Lenhihan: champion of the elite

While the US government’s grand plan to rescue the economy was rejected Ireland’s banks and building societies are the envy of the world this morning. The Irish government has guaranteed the safety of deposits of up to €100,000 in all of the country’s financial institutions. Hooray!! It’s reassuring to know that the banks who have been ripping us off for years have been assured that our hard earned money will bail them out of crisis. Hail to Brian Lenihan our minister of finance!

I am no John Meynard Keynes and I may not fully comprehend Macroeconomics as much as I’d like to but I think there is a dreadful injustice in this plan. While our hospitals and schools are crumbling, projects for infrastructure have been put on hold and public services constantly curtailed our tax money is being used to shore up the large financial institutions. I understand financial stability is crucial to maintaining a healthy economy but it seems glaringly obvious to me what this assurance means. It means, as always the government is helping the rich to the detriment of the poor.  The assurance is worth €400 billion which is 10 times our national debt! It’s a figure we can’t even afford. I would prefer to see our tax payer’s money going into our economy not into the greasy pockets of rich bankers. It’s yet another reflection of the injustice of right wing capitalist politics which is strangling the weaker members of Irish society.