Tuesday 7 October 2008

The world turned upside down

I remember a time when the Labour Party was very keen to nationalise the banks. Of course the right-wing press (most of it) would have branded it as left-lunacy at the time. Now that capitalism is in deep shit I suspect there would be few complaints if and when the banking system is nationalised. And I for one I hope it is.

I don’t care much for the markets or the capitalist system in general, so there’s a part of me that thinks the whole bloody lot should be left to the market and their own devices to sort themselves out, which in essence would mean capitalism imploding, but as per usual it would be the ‘little people’, us proletarians that would inevitably suffer.