Monday, September 29, 2008

No Economic Patriotism Please, We're British

True story.
On the day it was nationalised, Bradford & Bingley was still advertising for new business - on Paramount Comedy.
The immediate re-sale of its savings and business network to a Spanish bank, which already owns two other British high street players, is globalisation at the point of the sword. It's a car boot sale of what is probably the most valuable part of the business.
In all likelihood, the Spanish would deem it both culturally and politically unacceptable for a British bank to own three of their major high street brands. If it is considered politically necessary for the Bradford & Bingley to be nationalised to save it from its previous management's folly, then so be it - but there will be considerable resentment against what will quite rightly be perceived as yet a further extension of the powers wielded by companies based in one particular foreign country over the British economy; powers that that country would never allow to be reciprocated.
We are being cannibalised, gobbled up by the world one piece at a time.

1 Comments:

Blogger David Lindsay said...

This country’s sovereignty, liberty, democracy and identity are all eroded at least as much by our heavy reliance on imported goods, rather than on a domestic manufacturing base, as by any other factor. That erosion has been, and remains, entirely intentional. So our rulers must be very happy bunnies today.

Just as destructive, and just as intentional, is our heavy dependence on imports in order to feed our people, instead of maintaining a thriving agricultural sector, itself characteristically a bastion of strong family ties, and therefore also of strong community spirit.

Just as destructive, and just as intentional, is the ownership or control of great swathes of our agriculture, industry and commerce by persons who are either not our citizens or not resident within our borders for tax purposes.

And just as destructive, and just as intentional, is the situation whereby, far from our having grown richer since 1979, we have in fact grown vastly poorer: only a generation ago, a single manual wage provided the wage-earner, his wife and their several children with a quality of life unimaginable even on two professional salaries today.

This impoverishment has been so rapid and so extreme that most people, including almost all politicians and commentators, simply refuse to acknowledge that it has happened. But it has indeed happened. And it is still going on.

01 October, 2008 18:27  

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