Thanks to @game-set-canet for tagging me to this:
put your liked songs on shuffle, and post the first ten that come up. Well this is mine, don’t blame me for my weird music taste
1. Call me Maybe by Carly Rae Jepsen
2.Flavor by spiv states
3. We Used to Be Friends by The Dandy Warhols
4. Anthem of Our Dying Day by Story Of The Year
5. Nightmare by Avenged Sevenfold
6. Addicted by Simple Plan
7. Bad Girls Clubs by Falling In Reverse (I’m sos sorry for this one 😭)
8. Masquerade by Versailles (~Philharmonic Quintet~)
9. the WORLD by NIGHTMARE
10. 『PULSE』 by defspiral
I’m tagging whoever wants to do this
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Jodio reminds me on the singer from spiv states (song this was for is called flavour for those curious)
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I know you lot don't like football but allow me a minute. It's basically been taken over by private equity, bankers, states and oligarchs. They own clubs. But they also put themselves in charge of football related matters with hilarious / horrendous results. The latest to suffer the arrogance and ignorance of these shitblokes are Chelsea who are being ruined by Boehly (yank business idiot) and Eghbali (co-founder of private equity firm Clearlake Capital). These two spivs are identifying and signing players, and probably even picking teams. They've taken over an extremely well run (albeit doped) club and set about ruining it in 6 months.
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CORONATION ODE
They came by pogo stick and tube, to Loyal London Town -
To see their Liege and Emperor - Nick all, not quite screwed down.
Herded by the thousands - Millions more watch on TV
The Met’ watch all the watchers by A.I. - C.C.T.V.
Behold - A costly spectacle - No change in who’s to rule -
In this - The country of the blind - (The one eyed man’s a fool.)
No news at all occurred today! All planes refused to crash -
No Murders - Rapes or Wars took place - To mar our Regal Bash.
“Zadok The Priest” - Rings out abroad - The Organ’s mighty thrum -
An entourage of Spiv’s and Tart’s - Each osculates the bum.
The crowds who've had their brains washed clean by God’s relentless rain -
Observe their Ruler and his Bird, embezzle their domain.
They wave their soggy Union Flags - And very gently steam.
(A clever move on someone’s part to make it Cowboy themed !)
The King wears Gold Chased Spudguns, on the John Wayne Belt of State.
The Queen rides "Trigger" up the aisle - No way they’ll abdicate.
The Witch Doctors turn out in force, recite the magic words -
Anoint with God’s own axle grease * (Well shaken but not stirred.)
All hatchets, briefly out of sight - Barabas freed from jail.
The I.R.A. attend to show, no one’s “Beyond the Pale.”
Inclusive - Each minority (Or, those bereft of sense)
Are represented - Token lite - In lieu of recompense.
The Telly deconstructs the day - But nothing much get's said -
The Great and Good apparently agree and nod their heads -
Approved - Non controversial stuff - On one thing all concur -
“GOD SAVE KING HENRY CRUN THE FIRST! AND MINNIE BANNISTER!”
2 x Parts - WD40 - 1 x Part - Mary Queen of Scots Tears - 5 x Parts - Distilled essence of 300 years of Slavery./
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Ammo, Hamas, Heimat
Perhaps it has something to do with having grown up in the fifties and sixties, close enough to all those bloody conflicts that plagued the 20th Century but I hate war. More than that, even taking into account the “war against fascism” between 1939 and 1945, I think there is ultimately no such thing as a “good” war, or a “just” war or even a “winnable” war and I do not believe that we should ever accept that there is an “inevitable” war. All war is a failure. A failure of common sense, a failure of decency, a failure of reason and a failure of humanity.
I know it is trite to say so but in war it is always the innocent who suffer. And don’t try to persuade me that there are no innocents in war. Try explaining it to the dead, the maimed, the traumatised, the orphaned, the bombed-out, the refugees, the children, the parents of killed children. The only winners are the makers and purveyors of armaments, the spivs and the politicians. And the politicians’ wins are always short-lived, cf 21st Century Britain. But some people, it seems, just love to pick a fight, regardless of who gets hurt.
This latest debacle in the Middle East is a classic. Israel, originally intended to be a haven for an egregiously persecuted people, has, as a state under the protection of an empire in hock to its own armaments industry, been bullying and mugging its neighbour and brother, Palestine for years; often, like 70s skinheads in a pub, using the excuse of isolated slights and crimes to justify disproportionate “retribution”. This is not, with respect, Mr US Defence Secretary, a matter of “false equivalence”. State terrorism is terrorism, no matter who perpetrates it.
But it is no use saying that Israel, having suffered so appallingly at the hands of others, should know better. Hamas must surely realise that retaliation of the kind it has just inflicted on the Israeli nation - itself an almost copybook definition of terrorism - can only result in the annihilation of its “own” people. Set aside for the moment the gross injury done to the many blameless residents of Israel (not that we can, or should, of course: what took place was grossly, medievally barbaric and therefore inexcusable), or the thousands of Jewish adherents in the wider world who have done nothing to warrant the aggression they will now face, Hamas has set a course that can only make things worse for its own already oppressed Palestinian community, in Palestine and abroad.
This is our doing, make no mistake.
We, the Western powers, facilitated the expropriation of a significant part of the Palestinian homeland to appease our own consciences over our centuries-old despicable treatment of people who identified as Jewish (we were, and remain, significantly less concerned about those who identified as Roma, communist or disabled). But the people who moved in to the stolen land, instead of settling into the neighbourhood with, perhaps, a sigh of relief, went back to their age- old ways of treating their neighbours with contemptuous violence (the ways that had, history tells us, centuries ago, earned them first internment by the exasperated rulers of the region and then their expulsion from it), prodding and provoking their brother and sister Semites and stealing yet more of their land.
We should have reined them in, helped them to live in harmony with their new neighbours, but instead we sponsored their aberrant behaviour and promoted their militarisation and aggression. We were like an enlarged version of when the rich parents of a spoiled child are told by the teacher that he has been bullying the other kids in the class and stealing their lunch money and respond that the poor sweet darling could not possibly do anything so mean and it must be that the other children are just jealous of his good nature. Except that in the case of Israel our actions were less fuelled by parental indulgence and more by the pursuit of profit allied to an abiding sense of guilt.
It was inevitable that this state terrorism would give rise to resentment among the oppressed and displaced and that resentment would provide the grounding for a desire to fight back. Unless we nipped it in the bud. We didn’t. Rather, we doubled down on little Johnnie’s brattishness.
But, okay, given all that, in what Universe did Hamas convince themselves that the solution lay in openly attacking the unarmed and generally peaceful citizens (including children and babies) of a delinquent nuclear power backed by the most heinous imperialistic and morally bankrupt arms dealing thugs on the planet?
Hamas are about to learn the truth of the biblical expression “He that troubleth his own house shall inherit the wind”. But it is “their” people who will pay the price. The only thing that will stop the Israeli government from nuking Palestine is that it would lay waste to the land they covet for thousands of years to come. But they do not need the ultimate weapon. They now feel entitled to blast the impoverished Palestinians into the sea. In doing so, they will, ironically, inflict genocide (while ostentatiously wringing their hands). And we will let them. While wringing our own hands in harmony.
If that were not bad enough, the danger is that it will not end there. Because there are vested interests on the other side too: those who have stood by and watched the rape of Palestine over the years because it served their purpose better to allow it than to stand up for their brothers and sisters, but who could now be prompted to take advantage of the situation to unleash a proxy war aimed at their long wished-for elimination of Israel and then, by extension (and by grim desire) any Jew anywhere. And so it will go on. More and more lives will be needlessly lost so that the privileged and corrupt on both sides can perpetuate and enlarge their tawdry squabble for more power. The power to manipulate the basest instincts of man.
Did we not learn the lesson of Vietnam? Of Cambodia? Of Korea? Of course not. Democracy is only allowed to exist because it gives ostensible affirmation to the pillaging greed of a small number of psychopathic degenerates whom we grace with the multitudinous names for leader. Rulers rule by making their own people scared of “outsiders”. And where it suits their purpose they will invent outsiders to be scared of (cf “boat people”). It’s the same the whole world over…
But what am I suggesting? That when a bully sets his sights on you you should just roll over in perpetuity? That the Palestinians should simply turn the other cheek? Didn’t some poor misguided Jew get nailed to a cross for suggesting that? No, the only way we can get out of this bind is to understand finally that the whole world is our heimat, our homeland. We are all in the same tent and we should not be shitting in it. It is the arms dealers and their puppet kings and wannabe presidents that need to be given the push. Only then, perhaps, may we live in peace with each other.
There are only people in this world. All the rest - all the nations, all the religions, all the creeds, all the cultures, all the castes and classes, all the other alienating divisions we live and set store by - is made up. Time to live and let live.
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This time we came prepared.
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J-Birthday List (Updated 16.07.19)
01.01 -Ice (Ex. Xodiack / Ex. Black Gene For The Next Scene/ solo-musician)
05.01 -Miku (Ex. An Cafe)
07.01 -Tsubasa (XOX)
08.01 - Daisuke (Ex. Roach/ Jupiter)
19.01 -Keiji (Mix Speaker’s,inc.)
20.01 -Aoi (The GazettE)
20.01 -Rui (Ex. SCREW/ now Solo-musician)
24.01 -Yuta (IVVY)
29.01 -Kyary Pamyu Pamyu
29.01 -Shota (BLACK IRIS)
29.01 -Reo (SUPER DRAGON)
01.02 -Ruki (The GazettE)
07.02 -Miki (Mix Speaker’s,inc.)
08.02 -Joonho (JOONHO&GYUMIN)
09.02 -Takuya (Ex. An Cafe)
09.02 -Yuta (XOX)
12.02 -Kazumasa (XOX)
15.02 -Rio (BLACK IRIS)
16.02 -Reon (Ex. RoNo☆Cro)
17.02 -Hizaki (Versailles/ Jupiter)
17.02 -Sougo (SUPER DRAGON)
18.02 -Yuki (Ex. Jupiter/ Versailles)
18.02 -Ren (Danger Gang)
21.02 -Tatsuki (FlowBack)
26.02 -Sorao (Ex.THE KIDDIE)
27.02 -Tsuyoshi (SUPER DRAGON)
27.02 -Koki (SUPER DRAGON)
07.03 -Miko (Exist Trace)
20.03 -Omi (Exist Trace)
20.03 -Shinpei (Ex. SuG)
25.03 -Ryohei (Megamasso)
01.04 -Judai (FlowBack)
02.04 -Chisa (Ex. Nexx/Ex. DIV/ ex. Chisa&Shogo/ ACME )
09.04 -Yusa ( Ex. THE KIDDIE/ Guts and Death)
10.04 -Teru (Versailles/ Jupiter)
10.04 -Jyou (Exist Trace)
12.04 -Lin (MADKID)
15.04 -Tomoya (SUPER DRAGON)
15.04 -Hal (ACME)
16.04 -Rucy (Ex. Killaneth/ Ex. Jupiter)
17.04 -Taka (ONE OK ROCK)
23.04 -Tsubame (BugLug)
25.04 -Masashi (Ex. Jupiter/ Verasailles)
25.04 -San (Ex. Nega/ Ex. Black Gene For The Next Scene/ Lack-co)
28.04 -Reiji (FlowBack)
28.04 -Raku (SUPER DRAGON)
04.05 -Hiroto (Alice nine)
05.05 -Jean (SUPER DRAGON)
07.05 -Issei (BugLug)
11.05 -Takeru (SuG)
13.05 -Taiyu (IVVY)
13.05 -Waka (Danger Gang)
15.05 -Mark (FlowBack)
20.05 -Masaharu (FlowBack)
23.05 -Riku (XOX)
26.05 -Masato (SuG)
27.05 -Shalf (BUZZ-ER)
27.05 -Reita (The GazettE)
01.06 -Gyumin (JOOHNO&GYUMIN)
02.06 -Hyoma (SUPER DRAGON)
04.06 -Hiroto (IVVY)
07.06 -Yuko (Wagakki Band)
09.06 -Uruha (The GazettE)
09.06 -Kento (IVVY)
23.06 -Manabu (Ex. SCREW)
11.06 -Rame (Ex. Vidoll/ Ex. Black Gene For The Next Scene)
15.06 -Youta (MADKID)
24.06 -Saga (Alice nine)
27.06 -Tomoya (ONE OK ROCK)
30.06 -Jui (Ex. Vidoll/ Gotcharocka)
03.07 -Yukihisa (Ex. Yeti)
03.07 -Hiro (BLACK IRIS)
04.07 -Gackt
05.07 -Shou (Alice nine/ DIAWOLF)
05.07 -Kanon (Ex. An Cafe)
08.07 -Takuya (BLACK IRIS)
13.07 -Yuya (BUZZ-ER)
18.07 -Setsuki (Ex. RoNo☆Cro)
19.07 -Kohey (BUZZ-ER)
19.07 -Kamijo (Versailles/ solo-musician)
21.07 -Sadao (XOX)
21.07 -Kazuki (MADKID)
22.07 -Jin ( Ex. SCREW)
27.07 -Yuki (MADKID)
28.07 -S (Mix Speakers,inc.)
30.07 -Maya (LM.C)
30.07 -Rayto (Ex. GRiT/ BLACK IRIS)
31.07 -Nao (Alice nine)
04.08 -Jun (Ex. THE KIDDIE)
05.08 -Kazuki (Ex. SCREW)
05.08 -Batoshin (XOX)
08.08 -Takumi (Ex. v[NEU])
11.08 -Toya (Ex. Charlotte/ Gotcharocka)
17.08 -Sala (Ex. Black Gene For The Next Scene)
29.08 -Yuki (Ex. An Cafe)
01.09 -Zin (Jupiter/ solo-musician)
04.09 -Ryota (ONE OK ROCK)
05.09 -Shogo (Ex. xTRIPx/ Ex. DIV/ Ex. Chisa&Shogo/ ACME)
13. 09 -Machiya (Wagakki Band)
14.09 -Miyavi
14.09 -Toman ( Ex. XOX)
17.09 -Tora (Alice nine/ DIAWOLF)
19.09 -Takanori Nishikawa (T.M.Revolution)
20.09 -Namie Amuro
24.09 -Ban (Ex. Loud Grape/ Ex. Lolita23q)
24.09 -Ryuuji (Ex. Zoro)
02.10 -Shin (MADKID)
02.10 -Ayumi Hamasaki
03.10 -Shin (MADKID)
05.10 -Naoto (Exist Trace)
09.10 -Rikito (ACME)
09.10 -Satoshi (Ex. DIV/ Laplus)
12.10 -Hayate (SUPER DRAGON)
15.10 -Bikkey (Yeti)
17.10 -Kazuki (BugLug)
19.10 -Toki (Ex. Black Gene For The Next Scene)
21.10 -Yuji (Ex. SuG)
21.010 -Chiba (BUZZ-ER)
25.10 -Yui Itsuki (Yousei Teikoku)
26.10 - Mello (Ex. RoNo☆Cro)
28.10 -Kai (The GazettE)
29.10 -Saku (BUZZ-ER)
05.11 -Wasabi (Wagakki Band)
09.11 -Minami (Ex. Vurny/ Ex. RoNo☆Cro)
11.11 -Mitsu (Ex. v[NEU]/ solo-musician)
13.11 -Koda Kumi
13.11 -Satoshi (Ex. Aicle/ Yeti)
14.11 -Hau (BUZZ-ER)
17.11 -Jun (Ex. Phantasmagoria/ Ex. Spiv States/ Gotcharocka)
17.11 - Aiji (LM.C)
26.11 -Kayuu (Ex. v[NEU])
27.11 -Mally (Exist Trace)
01.12 -Kiyoshi (Wagakki Band)
04.12 -Chobi (Ex. xTRIPx/ Ex. DIV)
07.12 -Toru (ONE OK ROCK)
08.12 -Teruki (Ex. An Cafe)
10.12 -Hiko (Danger Gang)
18.12 -Asa (Wagakki Band)
19.12 -Toshiki (IVVY)
21.12 -Yuudai (Ex. THE KIDDIE/ Guts and Death)
26.12 -Shingo (Ex. Gotcharocka)
27.12 -Chiyu (Ex. SuG)
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Another Now by Yanis Varoufakis
When Margaret Thatcher coined “Tina” – her 1980s dictum that “There is no alternative” – I was incensed because, deep down, I felt she had a point: the left had neither a credible nor a desirable alternative to capitalism.
Leftists excel at pinpointing what is wrong with capitalism. We wax lyrical about the possibility of some “other” world in which one contributes according to one’s capacities and obtains according to one’s needs. But, when pushed to describe a fully fledged alternative to contemporary capitalism, for many decades we have oscillated between the ugly (a Soviet-like barracks socialism) and the tired (a social democracy that financialised globalisation has rendered infeasible).
During the 1980s, I participated in many debates in pubs, universities and town halls whose stated purpose was to organise resistance to Thatcherism. I remember my guilty thought every time I heard Maggie speak: “If only we had a leader like her!” I was, of course, under no illusion: Thatcher’s programme was despotic, antisocial and an economic cul-de-sac. But, unlike our side, she understood that we lived in a revolutionary moment. The postwar class war armistice was over. If we wanted to defend the weak, we could not afford to be defensive. We needed to advocate as she did: out with the old system, in with a brand new one. Not Maggie’s dystopian one, but a brand new one nevertheless.
Alas, our lot had no vision of a new system. Instead, we were in the business of bandaging corpses while Thatcher was digging graves to clear the way for her spanking new spiv capitalism. Even when we were putting up a splendid fight in defence of communities that deserved defending, our causes screamed “anachronism” – fighting to preserve dirty coal-fired power stations or the right of male rightwing trade unionists to reach sordid deals behind closed doors with the likes of Robert Maxwell and Rupert Murdoch.
Just as when the Soviet Union collapsed in 1991, we on the left – social democrats, Keynesians and Marxists alike – had the sense we would live the rest of our days as history’s losers, so in 2008, with Lehman’s collapse, those living the ideology of neoliberalism saw history erupt with similar soul-destroying force. Some years later, surveillance capitalism forced tech-evangelists, who thought they had seen in the internet an irresistible global democratic force, also to shed their illusions.
Traders on the floor of the New York Stock Exchange, in September 2008. Photograph: Richard Drew/AP
Two years ago I decided we need a blueprint, a sense of how democratic socialism could work today, with our current technologies and despite our human failings. My reluctance to attempt such an undertaking was immense. Two people helped me overcome it. One is Danae Stratou, my partner. From the week we first met, she has been telling me that my critique of capitalism meant nothing unless I could answer her pressing question: “What’s the alternative? And precisely how would things – like money, companies and housing – work?”
The second, and most unlikely, influence was Paschal Donohoe, Ireland’s finance minister and president of the Eurogroup. A political opponent who thought little of me as a finance minister (a mutual assessment), he was kind enough to write a generous review of an earlier book of mine. While Donohoe liked my account of capitalism he thought the book’s ending, in which I tried to sketch some features of a postcapitalist society, was “most disappointing”.
He was right, I thought. So I decided to write Another Now.
In a bid to incorporate into my socialist blueprint different, often clashing, perspectives I decided to conjure up three complex characters whose dialogues would narrate the story – each representing different parts of my thinking: a Marxist-feminist, a libertarian ex-banker and a maverick technologist. Their disagreements regarding “our” capitalism provide the background against which my socialist blueprint is projected – and assessed.
•••
Capitalism took off in earnest when electromagnetism met share markets at the end of the 19th century. Their coupling gave rise to networked megafirms, such as Edison, that produced everything from power stations to lightbulbs. To finance the huge undertaking, and the massive trade in their shares, the need arose for megabanks. By the early 1920s financialised capitalism roared, before the whole juggernaut crashed in 1929.
Our current decade began with another coupling that seems to be propelling history at dizzying velocity: the one between the enormous bubble with which states have been refloating the financial sector since 2008, and Covid-19. Evidence is not hard to spot. On 12 August, the day the news broke that the British economy had suffered its greatest slump ever, the London Stock Exchange jumped by more than 2%. Nothing comparable has ever occurred. Financial capitalism seems finally to have decoupled from the underlying economy.
Another Now begins in the late 1970s, straddles the crises of 2008 and 2020 but also sketches out an imaginary future, and concludes in 2036. There is a moment in the story, on a Sunday evening in November 2025 to be precise, when my characters try to make sense of their circumstances by looking back to the events of 2020. The first thing they note is how drastically the lockdown changed people’s perception of politics.
Before 2020, politics seemed almost like a game, but with Covid came the realisation that governments everywhere possessed immense powers. The virus brought the 24-hour curfew, the closure of pubs, the ban on walking through parks, the suspension of sport, the emptying of theatres, the silencing of music venues. All notions of a minimal state mindful of its limits and eager to cede power to individuals went out of the window.
Many salivated at this show of raw state power. Even free-marketeers, who had spent their lives shouting down any suggestion of even the most modest boost in public spending, demanded the sort of state control of the economy not seen since Leonid Brezhnev was running the Kremlin. Across the world, the state funded private firms’ wage bills, renationalised utilities and took shares in airlines, car makers, even banks. From the first week of lockdown, the pandemic stripped away the veneer of politics to reveal the boorish reality underneath: that some people have the power to tell the rest what to do.
The massive government interventions misled naive leftists into the daydream that revived state power would prove a force for good. They forgot what Lenin had once said: politics is about who does what to whom. They allowed themselves to hope that something good might transpire if the same elites that had hitherto condemned so many to untold indignities were handed immeasurable power.
It was the poorer and the browner people who suffered most from the virus. Why? Their poverty had been caused by their disempowerment. It aged them faster. And it made them more vulnerable to disease. Meanwhile, big business, always reliant on the state to impose and enforce the monopolies on which it thrives, boosted its privileged position.
The Amazons of this world flourished, naturally. The lethal emissions that had temporarily subsided returned to choke the atmosphere. Instead of international cooperation, borders went up and the shutters came down. Nationalist leaders offered demoralised citizens a simple trade: authoritarian powers in return for protection from a lethal virus – and scheming dissidents.
Demonstrators gather outside Amazon CEO Jeff Bezos’ $80m New York City penthouse, to protest the retailer’s treatment of workers during the pandemic, in August. Photograph: John Marshall Mantel/SIPA/REX/Shutterstock
If cathedrals were the middle ages’ architectural legacy, the 2020s will be remembered for electrified fences and flocks of buzzing drones. Finance and nationalism, already on the rise before 2020, were the clear winners. The great strength of the new fascists was that, unlike their forerunners a century ago, they don’t need to wear brown shirts or even enter government to gain power. The panicking establishment parties – the neoliberals and social democrats – have been falling over themselves to do their job for them through the power of big tech.
To stop new outbreaks governments tracked our every move with fancy apps and fashionable bracelets. Systems designed to monitor coughs now also monitored laughs. They made earlier organisations specialising in surveillance and “behaviour modification”, like the infamous KGB and Cambridge Analytica, seem positively neolithic.
What was the moment when humanity lost the plot? Was it 1991? 2008? Or did we still have a chance in 2020? Like epiphanies, the fork-in-the-road theory of history is a convenient lie. The truth is we face a fork-in-the-road every day of our lives.
•••
Suppose we had seized the 2008 moment to stage a peaceful hi-tech revolution that led to a postcapitalist economic democracy. What would it be like? To be desirable, it would feature markets for goods and services since the alternative – a Soviet-type rationing system that vests arbitrary power in the ugliest of bureaucrats – is too dreary for words. But to be crisis-proof, there is one market that market socialism cannot afford to feature: the labour market. Why? Because, once labour time has a rental price, the market mechanism inexorably pushes it down while commodifying every aspect of work (and, in the age of Facebook, our leisure too).
Can an advanced economy function without labour markets? Of course it can. Consider the principle of one-employee-one-share-one-vote underpinning a system that, in Another Now, I call corpo-syndicalism. Amending corporate law so as to turn every employee into an equal (though not equally remunerated) partner is as unimaginably radical today as universal suffrage was in the 19th century.
In my blueprint, central banks provide every adult with a free bank account into which a fixed stipend (called universal basic dividend) is credited monthly. As everyone uses their central bank account to make domestic payments, most of the money minted by the central bank is transferred within its ledger. Additionally, the central bank grants all newborns a trust fund, to be used when they grow up.
People receive two types of income: the dividends credited into their central bank account and earnings from working in a corpo-syndicalist company. Neither are taxed, as there are no income or sales taxes. Instead, two types of taxes fund the government: a 5% tax on the raw revenues of the corpo-syndicalist firms; and proceeds from leasing land (which belongs in its entirety to the community) for private, time-limited, use.
When it comes to international trade and payments, Another Now features an innovative global financial system that continually transfers wealth to the global south, while also preventing imbalances from causing strife and crises. All trade and all money movements between different monetary jurisdictions (eg the UK and the eurozone or the US) are denominated in a new digital accounting unit, called the Kosmos. If the Kosmos value of a country’s imports exceeds its exports, it is charged a levy in proportion to the trade deficit. But, equally, if a country’s exports exceed its imports, it is also charged the levy. Another levy is charged to a country’s Kosmos account whenever too much money moves too quickly out of, or into, the country – a surge levy of sorts that taxes the speculative money movements that do such damage to developing countries. All these levies end up as direct green investments in the global south.
But it is the granting of a single non-tradeable share to each employee-partner that holds the key to this economy. By granting employee-partners the right to vote in the corporation’s general assemblies, an idea proposed by the early anarcho-syndicalists, the distinction between wages and profits is terminated and democracy, at last, enters the workplace.
From a firm’s senior engineers and key strategic thinkers to its secretaries and janitors, everyone receives a basic wage plus a bonus that is decided collectively. Since the one-employee-one-vote rule favours smaller decision-making units, corpo-syndicalism causes conglomerates voluntarily to break up into smaller companies, thus reviving market competition. Even more strikingly, share markets vanish completely since shares, like IDs and library cards, are now non-tradeable. Once share markets have disappeared, the need for gargantuan debt to fund mergers and acquisitions evaporates – along with commercial finance. And given that the Central Bank provides everyone with a free bank account, private banking shrinks into utter insignificance.
Some of the thornier issues I had to address in writing Another Now, to ensure its consistency with a fully democratised society, included: the fear that powerful people will manipulate elections even under market socialism; the stubborn refusal of patriarchy to die; gender and sexual politics; the funding of the green transition; borders and migration; a bill of digital rights and so on.
Writing this as a manual would have been unbearable. It would have forced me to pretend that I have taken sides in arguments that remain unresolved in my head – often in my heart. I, therefore, owe an immense debt of gratitude to my spirited characters Iris, Eva and Costa. Above all else, they allowed me seriously to ponder the hardest of questions: once we have conceived of a feasible socialism that blasts Thatcher’s Tina out of the water, what must we do, and how far are we willing to go, to bring it about?
• Another Now by Yanis Varoufakis is published by Bodley Head. To order a copy go to guardianbookshop.com. Delivery charges may apply.
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https://www.covid19snews.com/2020/11/02/another-now-by-yanis-varoufakis/
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14OCT20
Reading ‘Down & Out In Paris & London’. Orwell uses a description of the life & toil of plongeurs in Parisian hotels as an exemplar of wider/deeper socio-economic analysis. It is a pre-cursor to his work in ‘1984′.
This part struck me as particularly on-point, & aptly describes the attitude I imagine Australian Liberal Party members take when they are counting their investment properties & dining at expensive restaurants, far from the hoi-poloi, guffawwing their way through Havanas with their spiv real estate mates, & not compelled to act as though they are Everymen:
‘We know that poverty is unpleasant; in fact, since it is so remote, we rather enjoy harrowing ourselves with the thought of its unpleasantness. But don’t expect us to do anything about it. We are sorry for you lower classes, just as we are sorry for a, cat with the mange, but we will fight like devils against any improvement of your condition. We feel that you are much safer as you are. The present state of affairs suits us, and we are not going to take the risk of setting you free, even by an extra hour a day. So, dear brothers, since evidently you must sweat to pay for our trips to Italy, sweat and be damned to you.’
Orwell notes down a series of slang words towards the end of the book, most of them are no longer in use & not many of them have any appeal, but it’s worth noting that a clodhopper was a street dancer, that a mugfaker was a street photographer & that a toby was a tramp.
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I was tagged by @semisweetshadow
1: A song you like with a color in it
Eiffel 65 - Blue (Da Ba Dee)
2: A song you like with a number in the title
Nena - 99 Luftballons
3: A song that reminds you of summertime
*NSYNC - Here We Go
4: A song that reminds you of someone you would rather forget about
Red Hot Chili Peppers - Dani California
5: A song that needs to be played LOUD
All of them? Stratovarius - Hunting High and Low
6: A song that makes you want to dance
Mila Islam - Dola De Re
7: A song to drive to
Eve 6 - Open Road Song
8: A song about drugs or alcohol
Third Eye Blind - Semi-charmed Life
9: A song that makes you happy
spiv states - Flavor
10: A song that makes you sad
ELO - Ticket to the Moon
tagging @the-bi-writer, @yellowhalcyon, @wingedbears, @youandthemountains, and @notfromcold
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All Points Alert: Killer State at Large In the background, while Alaa crawled along the road, her lifeblood draining away, the spivs, the thieves and the war criminals quarreled over who should be next to take over the occupation of Palestine. Source: All Points Alert: Killer State at Large
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All July 2017 Song Recommendations
Missed a post? No problem. Here’s a list of all the song recommendations for July 2017.
1. Schwarz Stein - New Vogue Children
2. Story of Hope - Forever
3. Hold Out Hope - Twilight Syndrome
4. Head Over Heels - Haters Gonna Hate
5. Salty Dog - Meteor
6. Anarchy Stone - Our World
7. Uplift Spice - Omega Rythm
8. Secondwall - “恋の終わりに、桜舞い散る”
9. Touch My Secret - Like A Paradise
10. Pulse Factory - 希望灯
11. Delhezi - Alone
12. Neko - Fade
13. Jiluka - Lethal Affliction
14. DIV - Seasons
15. Kaya - Salome
16. Duel Jewel - Azure
17. Moran - Eclipse
18. Wing Works - 『シルヴァー』
19. Jupiter - Nostalgie
20. Jiluka - Omelas
21. DIV - RxR
22. The Black Swan - Ruvish
23. The Thirteen - Liar Liar
24. Galneryus - Angel of Salvation
25. Pentagon - Tetsu Kizu
26. Smileberry - No More Cry
27. Luche - Heartless
28. Realies - Step By Step
29. Avanchick - 「ねぇ…神様?」
30. Codomo Dragon - Wolfman
31. Clowd - Rudeness Resort
32. Ladybaby - Renge Chance
33. Tenshi No Yume - Niwa
34. Kyary Pamyu Pamyu - PONPONPON
35. Soroban - Sekishoku Ranpu
36. Novelis - End Roll
37. Serial Number - Futari No Paradise
38. Lolita23q - Ceramic Star
39. The Kiddie - Soar
40. Vidoll - Eve
41. Juka - Aravesque
42. Velvet Eden - Igyou Hime
43. Malice Mizer - Beast of Blood
44. As.Milk - Disturb
45. Razor - ネイキッド
46. Art Cube - Suna No Hana
47. D=OUT - Sunrise
48. Vistlip - Chimera
49. Megamasso - Hoshi Furi Machi Nite
50. Kamijo - Throne
51. Balalaika - 「刑法202条」
52. Ensoku - This Is A Pen
53. The Piass - 螺子時計リビドゥー
54. Umbrella - Keihaku Na Hito
55. Baiser - Pegasus
56. Babylon - Loveless Involve
57. Screw - Raging Blood
58. Necro Circus - Cynical Romance
59. Blood - The Funeral For Humanity
60. Buck Tick - Romance
61. Kerbera - Counterpoints
62. Dio - Garasu No Umi
63. Ansinomy - Danpen Kou
64. Siva - Youen
65. Sugar - Afterglow
66. Dolly - Moonlight Disco
67. Popcore - Heart
68. Lc5 - Refrain
69. Ecthelion - Drive U Crazy
70. Yeti - Monochro
71. The Sherry - Future
72. Vistlip - Period
73. Depain - Doll
74. Kuroyume - I Hate Your Popstar Life
75. Celestial Garden - Monochrome Pleasure
76. Chemical Pictures - Walking Ashland
77. Misaruka - Jester
78. Piko - Tears In
79. Asami Shimoda - Meltdown
80. Nega - Haunted Jealousy
81. 12012 - Tattoo
82. AND - Bluff
83. Spiv States - Flavor
84. Fake Cradle - Dare no tame demo naku
85. Feeche - Meisei
86. Fenrir - Butterfly Effect
87. Kiryu - Ameyo Ni Waraeba
88. Galruda - Progress
89. Purple Stone - Blame
90. Claire - Moon Dew
91. Aim - Hysteric Liar
92. ISK;M - 「未来trip」
93. Litchi Hikari Club - Dark Knight
94. Yuyoyuppe - It’s Over
95. Undivide - Verge
96. Sid - Enamel
97. Akira - Aoki Tsuki Michite
98. Lisa - Rising Hope
99. The Lotus - Grace
100. The Gallo - Belial
101. Sujk - Stay With
102. Light Bringer - Hyperion
103. Kitcha Saventhes - Stay Alive
104. Sol Ardour - Heart of Violents
105. Hybrids - Illusion
106. MinstreliX - Caterina
107. Baby I Love You - No One Is Immortal
108. Lusia - Ibara No Ori
109. Amano Izanagi - Yamato Takeru no Mikoto Daiichishou~Seisei
110. Veronica - Urami Koushinkyoku
111. Paranoid Circus - 69
112. Van9ish - Jewel
113. Gimmick - Whispered Cell
114. Ry:dia - Anata No Senaka
115. I.rias - Vawdy Rabbit
116. Fi’Ance - Ring
117. La’Miss Fairy - Dress
118. Arege - Nocturne
119. Laybial - Visage
120. Vice Risk - Nostalgia
121. Distray - Still
122. Crossfaith - Rx Overdrive
123. Dir En Grey - Toguro
124. Infi2ty - DualxFace
125. Anima - 不完全カタルシス
126. Syndrome - Deep Sky
127. La:Sadie’s - Setsudan
128. Vrzel - Fivefold Envy
129. Zero Mind Infinity - Be Proud
130. Avel Cain - ID
131. An Cafe - Jibun
132. Deep Girl - I Kill
133. Meteoroid - 「背徳者に敬礼を」
134. Mazeran - 寄生 | マゼラン
135. Krad - Plantman
136. Yusai - 『アイラク偽心』
137. NEXX - Neo World
138. NEXX - BBG
139. DIV - Teddy
140. Akaku Somatta Kioku - トラウマ
141. ViV - Anagram
142. Develop One’s Faculties - Insert Memory
143. Shiva - Varuna
144. LiPS - Maria
145. Amy Dolly - Pain Pain
146. SiM - Make Me Dead
147. The 3rd Birthday - I Am
148. ZON - Super Liar
149. Xaa Xaa - Saigo No Uta
150. Razor - Missing Piece
151. Doguramagura - Mennheraderera
152. Mekakusi - Mi Wo Shiru Ame
153. Devize - Ambrosia
154. Gaga - Sky
155. More - Nokoriga
156. Synk;yet - [絲]
157. SchwarzKain- Moment Glow
158. Ensoku - 12 Monsters
159. Sibilebashir - 『二重人格』
160. Avanchick - 「他人の不幸は蜜の味」
161. Dezert - 大塚ヘッドロック
162. Razor - Maisou
163. Rides In Revellion - Close
164. Monolith - Akatsuki
165. Kra - Eclipse
166. Kiryu - Sazanami
167. Royz - Lilia
168. Kameleo - Obake
169. Sadie - Madara
170. Lycaon - 「gossip-ゴシップ-」
171. The Gallo - Incubus
172. Gossip - Kimi Ga Anoyo Ni
173. Reign - Death Mary
174. Matenrou Opera - Helios
175. Miyavi - Torture
176. Dice and Joker - Eternal Insanity
177. L’Arc~en~Ciel - Yokan
178. Gacharic Spin - Next Stage
179. Jiluka - Ajna
180. Miseria - Mad Brain
181. Chronus - Brand New Days
182. Blesscode - Bizarre
183. Amanjaku - Suicide World
184. Link - Protective Color
185. Follow - 「ピノキオ」
186. Jilled Ray - Scars
187. Astaria - My Venus
188. Lin - Missing Melody
189. Xenon - Planetaria
190. Crimson Shiva - Exdysist
191. Holyclock - Akasha
192. Codomo Dragon - Butterfly
193. Chariots - Rinpun
194. Royz - Pandemic
195. Nihilizm - Anthology
196. Spell Box - Monochrome
197. 2nd Dyz - Neo Gate
198. Nega - Deluge
199. Piece - Brave Sword
200. Choujikuu Android Piece - Atomic Beam
201. Airish - Sora Iro Letter
202. The Lem - Prism
203. Eve - Divergence
204. Jackman - 平成B型
205. Wing Works - 『シルヴァー』
206. Adams - One and Only
207. Gigamous - Giga Speaker
208. Jiluka - Citrus
209. DIV - Vanish
210. Deviloof - Nightmare
211. Jiluka - B.A.L.U.S.
212. Gore - Itan
213. NoGoD - Missing
214. Far East Dizain - Dizainerve
215. Rides In Revellion - Rusty Nail
216. Die/May - No Longer Burden
217. The Gazette - Guren
218. Tra Tra Tra - Unchain
219. Meidara - Oni No Me Ni Mo
220. Diaura - Kinji Roku
221. D=OUT - Shangri La
222. X Japan - Endless Rain
223. Dadaroma - Yume Tarareba
224. Daizystripper - Smile World
225. Rides In Revellion - 紫煙
226. Blood Stain Child - Tri Odyssei
227. Avanchick - Liar
228. Vrzel - Mind
229. Blood - Sweetest Disease
230. Malice Mizer - Beast of Blood
231. Moi Dix Mois - La Dix Croix
232. DIV - Natsu No Yukue
233. Deathgaze - Dead Blaze
234. Luna Sea - Deja Vu
235. Deathgaze - Ring The Death Knell
236. Babykingdom - カマッチャイナ!
237. Chiodo - Emorir
238. Jilled Ray - Maria
239. Lig - 「ホロスコープ」
240. Madeth Gray’ll - Missantroop
241. Kuroyuri To Kage - 「黒百合と影」
242. Calmando Qual - Born Iqual Pain
243. Speed-ID - Moonshine
244. Sakrun - 白昼の足跡
245. Ru:natic - 精神欲求不安定
246. Mazohysteria - Your Only Master
247. Missalina Rei - Meruhen Yuuenchi
248. Shelly Trip Realize - Mirakuru Fantasy
249. Lynch - Ambivalent Idea
250. Kiryu - Oirantan
251. Kuroyuri To Kage - Chocolate Kaidan
252. Mejibray - Uka
253. Deprive - タイトル不明
254. Kuroyuri To Kage - Yokusou
255. Canary - 死期の影
256. Deshabillz - 劇薬喜劇
257. Lolita23q - Nejidokei Libido
258. The Gazette - Calm Envy
259. Dir En Grey - Garden
260. Megaromania - Ideal Future
261. Memento Mori - High Collar Ondo
262. Vierge - Myth Shine
263. Gill’e Cadith - 哀愁ぱれっと
264. Karen - Dusty Mirror
265. Grieva - Taihaitekikyou Sou
266. Jelly Berry - Mother Crisis
267. Gossip - Akudōkai -Kusottare Kōshinkyōku
268. Aliene Mariage - Suicide
269. Kagerou - XII Dizzy
270. Jennie - Hate
271. Kaggra - Urei
272. Lareine - Fuyu Tokyo
273. Kamijo - Death Parade
274. Versailles - Ayakashi
275. Mejibray - Decadence - Counting Goats
276. Matenrou Opera - Gloria
277. Plastic Tree - Ghost
278. Psycho Le Cemu - Ai No Uta
279. Deluhi - Frontier
280. Janne Da Arc - Feel The Wind
281. Schwarz Stein - Last Hallucination
282. La'cryma Christi - Forest
283. Due Le Quartz - Jisatsu Ganbou
284. Shazna - Melty Love
285. Kuroyuri To Kage - Hesonoo
286. Kuroyuri To Kage - 「未遂」
287. Pentagon - Popcorn Monster
288. Shin - Jack The Ripper
289. Silently Shooting Traitors - Manipulate
290. Breathe My Words - Trigger
291. Azami - Farewell
292. Nocturnal Bloodlust- Break This Fake
293. Darrell - Dead Inside
294. Razor - Liquid Vain
295. C-Gate - Broken Wings
296. Victim of Deception - Suffering
297. Paledusk - Bonds
298. Alive Like The Flame - Empty
299. Graupel - Etherial
300. Inception of Genocide - Bullseye
301. Soul Japan - ‘落ちこぼれからの脱却’
302. 7 Years To Midnight - Mirage
303. FOAD - Our Future/Our Past
304. Hotoke - Trend Kill
305. Crystal Lake - Omega
306. A Ghost of Flare - Endless Demise
307. Last Day Dream - Violet Blood
308. Falling Asleep - Bookshelf
309. Earthists - Cybele
310. Enth - Tears
311. Shark Ethic - HMS Resolution
312. Hone Your Sense - One Last Time
313. Coldrain - Wrong
314. My First Story - Alone
315. ONE OK ROCK - Last Dance
316. Acme - Senkou
317. Xaa Xaa - Shinitai
318. Akira - Waltz of Vanitas
319. The Lotus - A.P.O
320. Ganglion - Never Ever Again
321. Bataar - Always Die Young
322. Black Gene For The Next Scene - Doom
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The billionaire buccaneer capitalist Jimmy Goldsmith (1933-97) – who was prophetic about the nefarious nature of the European Union, by the way – hated bankers even more than he hated politicians.
2018 was a bad year for bank shares. 2019 is likely to be even worse, says Victor Hill.
The long goodbye
2018 was the worst year for European bank shares since the financial crisis of 2008-09. The iShares MSCI Europe Financials ETF was down by nearly 35 percent over 2018 – though I note that it has risen by 4.8 percent in the first two weeks of this year. But some individual banks fared even worse than that – Deutsche Bank (ETR:DBK) and Commerzbank (ETR:DBK) both more than halved in value last year. The former has not recovered from the sacking of its high-profile British boss, John Cryan, last April after revealing heavy losses. In fact, speculation is now rife that the two beleaguered German banks may be united in a shotgun marriage.
What has gone wrong for Europe’s banks? There are at least four things going on. Firstly, bank profits have been under pressure given lower lending margins. Second, tighter regulation and larger capital requirements since the financial crisis has further reduced return on equity (the more leveraged a bank is, the higher its ROE). Third, central banks are beginning to suck liquidity out of the financial system as quantitative easing (QE) becomes quantitative tightening (QT). This will tend to make funding costs on the interbank market more expensive. Fourth, a flat yield curve has denied banks the chance to make a positive carry on short term funds invested in longer-term instruments.
European tragedy
Some countries have fared worse than others. The shares of Greek banks slumped because of fears that non-performing loans may actually exceed bank capital. The FTSE Athex Bank index which tracks the eight or so Greek banks plunged by 53 percent last year. Meanwhile in Italy, talk of a “doom loop” – the fact that much of Italian state debt is held by Italian banks, as I have discussed recently – has hit bank shares. Clearly, if the Italian state were to default, the country’s banking sector would go down with it – it is as simple as that. The oldest bank in the world, Monte dei Paschi di Siena (BIT:BMPS), started 2018 at €4 and ended the year at under €1.50. (It is down even further in January.)
Other European lenders – particularly French ones – were heavily exposed to emerging markets which fared poorly in 2018. Société Générale (EPA:GLE) is thought to have had large exposures in Turkey. Banks with investments in emerging market bonds have had to mark them down.
Shares in UK banks have not done much better given fears around the impact of Brexit on the UK financial sector. Established banks like Lloyds (LON:LLOY) and RBS (LON:RBS) lost around a quarter of their market cap last year while challenger bank CYBG (LON:CYBG) lost nearly half its value after it announced a merger with Virgin Money. Metro Bank (LON:MTRO) has also halved in value since its £300 million rights issue last July. As it peak last March Metro Bank’s shares were trading at above £40 but just before Christmas were down to as low as 1,600 pence.
American melodrama
The fall in the value of bank shares was not restricted to Europe. JP Morgan Chase (NYSE:JPM) stock began 2018 at around US$113 but ended the year at under $97 (a decline of over 14 percent). Further negative sentiment comes as analysts forecast slower earnings growth in 2019. Additionally, investors have been fearful of the impact of the preternaturally flat yield curve obtaining in the USA.
There are two additional reasons as to why bank stocks are doing so poorly. First, bank stocks tend to reflect fundamentals in the real economy. As markets rise in an upturn banks normally rise ahead of the rest; similarly, if the markets expect a downturn, bank stocks are often sold off first. In technical terms, bank stocks are typically high beta. However, the second reason is more compelling. There is an emerging view that the contemporary banking industry is inherently flawed. Its business model has gone wrong and it is poorly managed.
Banks are in the business of recycling money (cash) from those who have a surplus to those who are in deficit. This idea is absolutely central to the capitalist system that emerged in the late 18thcentury (by the way, with peripheral Scotland in the vanguard) and which has endured or at least evolved to the present day. Banks need two types of money to fund their operations: bank capital and customer deposits.
In the current market, at least in the USA, bank capital is being dissipated because management is giving away literally hundreds of billions of dollars in stock buybacks. Deposits are under pressure because savers – particularly in the US – no longer trust banks with their savings, preferring money market funds instead.
Loan losses in America (unlike Italy) are at near record lows – but they are trending up. The outlook is for slower economic growth in 2019. If there is a recession, that would result in a sharp deterioration in loan quality and thus a spike in loan losses and a corresponding drop in bank earnings.
Deep-rooted problems
Returns from bank “products” – everything from travel insurance to pension planning – have been falling in the internet age. In the loans market banks are facing competition from fintech-style non-banks. Moreover, since the credit crunch financial engineering of all kinds – often called structured finance – now comes with a health warning.
Contrary to a common myth, it was never the case that low interest rates were bad for banks. So long as lending margins were maintained banks could profit in a near-zero interest rate world. From 2010 to 2015, interest rates were at historically low levels in the US – and they continue to be so in Europe. During this period bank industry earnings hit all-time records. There was a similar outcome from 1933 to 1945 when interest rates were also abnormally low by historical standards.
It is also conventional wisdom that banks cannot grow their earnings when the yield curve is inverted. The yield curve was inverted (with the Fed Funds rate above the 10-Year Treasury yield) for most of the period from 1966 to 1970; 1973 and 1974; and 1978 to 1982. Yet bank earnings were up in every year from 1966 to 1970. The period from 1966 to 1982 experienced the most persistent inverted yield curve. And yet bank earnings were sustained.
Evaluating bank stock buybacks is simple. If the cost of equity is higher than banks’ return on equity then banks should buy back their own stock. But buying back stock reduces capital and therefore increases leverage. So, buying back stock lowers the secular growth rate of bank earnings and thus the present value of future earnings.
Since the passage of the Dodd-Frank Act in 2010 in the USA to the present, bank earnings have risen. The banks were bailed out in the USA and the UK and the banking industry overall was able to continue making money. Though some rescued banks – like RBS which we have now come to regard as a bad bank – never fully recovered and have been slimming their balance sheets ever since.
Bank stocks are doing poorly because the fundamentals are against them. In fact these stocks are doing even worse than might have been expected because there has been a change of perception on the part of investors. Banking is no longer regarded as a license to print money (which in terms of monetary economics, it still is). Investors are now quite wary of the banking sector – even of the challenger banks which promised to change the game by being more consumer-focused and tech-savvy.
Bad banks – or bad management?
Even after the bailouts of 2009-09, the bankers were up to new tricks, such as rigging the London Interbank Offer Rate (LIBOR) so as to enhance margins. More criminal activity followed, including tax evasion, money laundering and fraud (most notably payment protection insurance (PPI)), sometimes undertaken by some of the world’s most prestigious financial institutions such as Barclays Bank (LON:BARC).
Even Australian banks were culpable – as I reported during a visit to Australia in April last year. All the major Australian banks were involved in a rate-rigging scandal in 2010, focused on the Bank Bill Swap Rate (BBSW) – the Ozzie equivalent of LIBOR. Australia and New Zealand Banking Group (ASX:ANZ), National Australia Bank (ASX:NAB) and Commonwealth Bank of Australia (ASX:CBA) paid penalties, while Westpac (ASZ:WBC) was let off on the dubious grounds that its attempts to manipulate the rate had been unsuccessful. Macquarie Bank (ASX:MQG) was found to have engaged in fraudulent foreign exchange trading. CBA was found to have been involved in large scale money laundering. In fact, Citigroup (NYSE:C) and Deutsche Bank are currently facing charges in Australia around insider trading in ANZ shares.
Bad culture
This all came about because of a perverse business culture – fuelled by egregious pay and bonuses. When I first arrived in the City in the early ‘80s, the idea that My word is my bond, though a quaint old-fashioned notion, still meant something. Sometime between Big Bang (1987) and the Credit Crunch (2008) bankers deliquesced from pin-striped trusted gentlemen to numerate, iPhone-toting spivs.
Even worse, it’s quite clear that the personal touch has been in rapid decline in recent years. When I invested in a restaurant business in the early years of this century, our HSBC Bank PLC (LON:HSBC) manager used to call in for the occasional meal. (Of course the staff were instructed to wine and dine him (it was always a he) – but we felt touched that he took an interest in our progress.) By the time I sold that wretched business some years ago I didn’t even know who our HSBC business manager was – and HSBC had no idea who we were…There was not even any kind of artificial intelligence in evidence…There was nobody there…
I think it was John Maynard Keynes who said that a banker is a man (again) who will never lend you an umbrella if it is raining. Bankers have the mentality of unambitious civil servants who believe, thanks to their inflated salaries, that they are entrepreneurs. They are not entrepreneurs – and very few of them even understand entrepreneurship. The billionaire buccaneer capitalist Jimmy Goldsmith (1933-97) – who was prophetic about the nefarious nature of the European Union, by the way – hated bankers even more than he hated politicians.
These scummy banks will not recover in 2019. Their time is past. Avoid them.
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Rules: answer 30 questions then tag 20 blogs you would like to know better.
I got tagged by @daengerous-af !!!
1. Nicknames: Martheh (this is the name I go by mostly so let’s just carry it over here. ...’Princess’ is also acceptable~👑)
2. Gender: Female
3. Star sign: Aries
4. Height: 5′7″ (I think that’s 170 in cm?? idk).
5. Time: 1:54pm
6. Birthday: March 27
7. favorite bands: BIGBANG, BTS, SHINee, Daft Punk (really more of a duo but oh well let’s go with it), Access, Disclosure, ect.
8. favorite solo artists: Daesung/D-LITE, Seungri/V.I., G-DRAGON, TAEMIN, JONGHYUN, SPIV STATES (or just JUN since it went from two people to one-), Zion T., Crush, SAINT PEPSI/SKYLAR SPENCE, Kors K, Sota Fujimori, dj TAKA, Moe Shop, Kyary Pamyu Pamyu, Kaskade, Akira Complex, ect.
There’s literally so much I listen to, these are just what I listen to more. I also love 80s tunes and other Future Funk artists so much like you don’t even know.
9. Song stuck in my head: Girl In The Window - JD senuTi
10. Last movie watched: I can’t remember...I think I watched The Green Mile with my mom a few weeks ago but that’s the last movie I can remember.
11. Last show watched: Say Yes to the Dress (I AM A BRIDAL SHOW WHORE OK? I LOVE THIS STUFF AND I DON’T KNOW WHY BUT I DO.)
12. When did i create my blog: August 2015 apparently-
13. What do i post: With this blog, it’s supposed to be a general Korean group blog...but then it kiiiiinda turned into a Daesung fan and appreciation blog...eheheh...
14. Last thing googled: “how can I find out when I made my tumblr blog”
15. do you have other blogs: Yup! My main is Martheh, I also have a sideblog for my art called marthehhime, and sideblog for Animal Crossing-related stuff called peperocrossing. I’ve got a sideblog for UNDERTALE-related stuff too but it hasn’t been very active...
16. Do you get asks: rarely tbh. I’m lucky if I get any here or on my main most of the time, which is why I’m so glad to get them when I do...even if I forget to answer some;;;
17. Why did u choose your url: I wanted a sideblog for Kpop stuff since I knew some of my friends weren’t too into it so I wanted a URL to match. One of my favorite lines in BAEBAE is actually from TOP’s first line, “Your eyes are pretty like a deer, my princess”, so I went with a URL that incorporated that.
18. Following: 483 (main, because I can’t follow on my sideblog)
19. Followers: 31
20. Favorite colors: black, various shades of blue/red/pink, purple, mint, ect.
21. Average hours of sleep: Depends. Like last night I fell asleep around 4 or 5 am and slept until 11am or so. Other nights I might get to sleep around 2 or 3 and sleep until 10 or 11.
22. Lucky number: 27
23. Instruments: Um...v...voice??? Idk, I just sing, I can’t play anything for shit.
24. What am I wearing: a tanktop and shorts because it’s humid as hell here.
25. How many blankets I sleep with: It really depends. Usually I’m good with just the one comforter, but sometimes I use 2 blankets if I’m chilly. When winter comes around it could be 2,3, maybe more.
26. Dream job: Singer or artist.
27. Dream trip: Japan and Korea
28. Favorite food: Chinese take out. I’ve been craving General Tso’s for like 2 months now TT TT
29. Nationality: American (unfortunately)
30. Favorite song now: uhhhhhh idk
I guess I tag anyone who wants to do this;;
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