When did it all go so wrong!

Posted 3 Aug 2010 by Walaa Idris

The Prime Minister and the Deputy Prime Minster have today written a joint letter to their cabinet minsters’ reminding them of the government’s duty to cut the deficit – the letter had a hint of concern that amongst all the excitement of reforms the need to tackle the deficit [a core pledge of the coalition not to mention a serious issue] might become a little sidelined.

Yesterday, some banks announced they have made profits, signalling they are on the road to recovery. That and the letter have caused a miniature riot on the airwaves, this morning – that revolt was mainly directed at banks, bankers and their bounces [although none have been paid yet], and indirectly at the government for not grabbing these profits for the public purse or worst ‘forbidding’ such profits in the first place!

I am not going to go into why banks should be encouraged to make money, or that they should and must lend to businesses especially small business. Because what concerned me here was the depth and intensity of dislike some people seem to have for banks, bankers or anybody who makes money in this country!

When did we become such haters of money making and affluence? Is it an inherent feeling that was masked in the past but now could no longer stay bottled, or is it media induced and encouraged by 13 years of a sudo- socialist regime that stopped at nothing to become part of the inner circles of the most affluent courts in the land ‘privately’ – while preaching the evils of prosperity, turning some of us into a nation of rich-phobics haters of wealth.

If anyone has a logical explanation please feel free to educate me.

5 comment(s)

Sally Roberts

Sally Roberts
3 Aug, 11:56

It was the “guilty rich” that turned us against money-making and affluence. I know because I went through that phase as a teenager. The difference is; I grew out of it….

Stephen R Hillier

Stephen R Hillier
3 Aug, 12:06

It’s a lot to do with the fact that our media (and to an extent our education system) is stuffed with the socialist-leaning “chattering classes” and they tend to dominate what we see & hear.

Brian Moylan

Brian Moylan
3 Aug, 14:02

“When did we become such haters of money making and affluence?”

I don’t regard it as “hate”, just “fairness”; the banks got themselves in to trouble through transactions that they didn’t seem to understand properly; their fault, so they pay.

That simple.

Rowsoni

Rowsoni
3 Aug, 14:17

. . . because many of us have felt uneasy about a sector of the economy, which has an important role in allocating capital to where it can be most productive, attracting the best brains away from real productive sectors, becoming so big that it towers above everything else, becoming their master rather than their servant, becoming opaque and distributing rewards quite out of proportion to the value it adds to the economy. And I am instinctively pro free markets. But something isn’t working properly with this one.

Walaa

Walaa
5 Aug, 14:55

Sally, Stephen, Brian and Rowsoni, thank you now I understand better. And thank you for commenting and keeping my brain ticking ;-))

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