Tag Archives: bankers

Paolo Di Canio: Is Fascism acceptable now?

So this weekend, premier league strugglers, Sunderland fired their manager Martin O’Neill and replaced him with self-declared fascist, Paolo Di Canio. Now, I know you’re going to say, “but what does it matter, as long as Sunderland stay up?”

You may not worry about the man’s political views, but when those same views (held by others) are responsible for the deaths of millions of people (Jews, Gypsies, etc) I think we should be concerned. And they concerned former foreign secretary, David Miliband – himself of Jewish extraction – so much that he resigned from the Sunderland board immediately. Apparently, that’s an overreaction. It’s lead to calls for Di Canio to “clarify” his political beliefs.

Firstly, it amuses me how they legitimise an anti-democratic, racist ideology by referring to them as beliefs. Now, before you all come squealing at me “he’s not a racist, he said so”, I’ll just remind you that one characteristic of fascism is demonisation of a scapegoat. This can be a political scapegoat, like communists, but is often an ethnic group or foreigners in general. Just look at Golden Dawn in Greece for an example of this.

(If you want to read more of fascism’s characteristics, here’s a good link)

Secondly, while some are concerned about an extremist at the helm of a premiership football club, others are wondering what’s the big deal. After all, it’s only his political views. What’s worrying about the second attitude is the disregard for the dangers of what an extremist ideology can do, and also the disrespect shown to all those who fought and died fighting fascism in Europe during the 1930s and 1940s. It follows the growing popularity of extremist organisations across Europe – The National Front in France, Golden Dawn in Greece, the English Defence League – which are responding to the economic crisis by blaming migrants, specifically North African/South Asian migrants, for the mess the banks caused. Where will it end? Views that were once considered repulsive, are slowly becoming acceptable and popular among a section of society.

As Pastor Martin Niemoller once wrote;

First they came for the communists,
and I didn’t speak out because I wasn’t a communist.

Then they came for the socialists,
and I didn’t speak out because I wasn’t a socialist.

Then they came for the trade unionists,
and I didn’t speak out because I wasn’t a trade unionist.

Then they came for the Jews,
and I didn’t speak out because I wasn’t a Jew.

Then they came for the Catholics,
and I didn’t speak out because I wasn’t a Catholic.

Then they came for me,
and there was no one left to speak for me.

One day, fascist ideology will have made such progress into society that there will be no one left who is shocked and repulsed by it.

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Filed under Politics, society, Sport

The morality of bankers

A couple of new stories about the financial sector caught our attention this week. The first was the LIBOR scandal – Barclays and other banks deliberately fixing the inter-bank lending rate for profit. Then there was the scandal that banks were forcing them to take out Interest rate protection insurance with crippingly high repayments. Proving yet again, that banking is the business of cowboys.

As is understandable, the public reaction has been one of outrage. While millions of people are struggling with the austerity measures and recession, here are the people who caused the crash cheating their way to wealth and celebrating with bottles of Champagne. Ed Miliband has called for a public inquiry into the corrupt practices of the banks, Jonathan Freedland in the Guardian called for the bankers involved to be punished just like last summer’s rioters (the difference between rioters and bankers is the latter have stolen a lot more). Meanwhile, the chief of Barclays, Bob Diamond, called it “inappropriate behaviour” carried out by “a small number of people”, as he tried to deflect the blame from himself and his company.

What is obvious to most people – even, I suspect the Time and Telegraph readers – is that the banking sector have basically been allowed to do what they want for far too long. Not enough regulation has meant they have been free to bully small businesses and individuals, and not enough control has allowed them to get away with activities that are blatantly criminal. A footballer found guilty of match fixing would be banned from the game and jailed. A public sector worker caught stealing from work would be sacked and prosecuted. Why not punish the bankers responsible as well?

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Filed under economics, Politics