To answer the above:
That is a brilliant summing up as obviously you have a good grasp of high finance. That really does help clarify the current situation.
I am also pleased we can agree on, and recognise, that it was socialism that rescued the banks in the UK. Frankly at the time I was amazed that a Labour Government (who I actually had always stated was NEVER a true Socialist type at all, with a capital 'S', in my interpretation of that term) bailed out a true capitalist business. I didn't agree with public money, that should be used for the people, being used in that manner. But, not I hope being stupid, I am a pragmatist knowing in this instance what would have happened if the Government had not stepped in. 1929 would have had nothing on what could have followed!
You are right in saying companies are sitting on a pile of cash, but it is the greatly weakened confidence of all the major sources of investment, following the banking disaster, that continues to constrict finance for going forward, certainly in the UK and we know further afield.
As for the poor becoming poorer, and all I said on that point, yes again I agree with you that we are already on course for that. I was writing that statement in terms of the UK, but your suggestion/fact that Greece has now certainly hit the first signs of that dramatic social change is true. Dare I say even in the great USA, soup kitchens, and charity food distribution centres have grown alarmingly, with families now living in automobiles!
On your final question; there is just one simple answer. We live in a capitalist system, which rewards those richly who have the investment by allowing them to multiply it by unlimited amounts, with a limited proportion going back into the state due to greed and very clever accountancy. I am not completely arguing against that, as to a point that is healthy, providing jobs for all who have the skills, and driving the nation forward. Greed drives capitalism, and that is in us all. In fact the current problem is THE lack of confidence within the investing 'circles' which is holding so much back. However, a lot more vigour on the part of the tax collectors and their laws to, if you like themselves to be "greedy", would put more cash into the Country's coffers and protect the people from service cuts. Everyone then gains more to propel ourselves out of the depression.
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Topic: UKIP in Rotherham (Read 2334 times)