Thursday, 25 September 2008

The Farce of Modern Governance

So George Bush is imploring American tax payers to shell out more money to offset the financial crisis caused by a greedy few? Who are those greedy few? Did he mean to say myself, my govt and the big corporations? Because if he said that he wont be further from the truth. I am sick and tired of people solely dumping the downturn of the capital market at the doorstep of bankers. These people were just instruments of greed used by government and big corporation to grab capital that was then used to fight Iraq war and used to buy up smaller companies just to face off competition within the market. Take the advertising industry for instance, there are only 7 major companies in the world who own a network of other companies. So it could be said that these giants basically control the advertising revenues of the developed nations and some notable developing countries like India and Nigeria. The banks have to make this funds available to them but they try to make us believe they are doing it for us. If we don’t give this people money to run businesses then you may not be able to buy that cheap item of clothing or furniture which is a total lie.

Mass production made it possible for people to develop false needs. If these manufacturers did not manufacture these things and then engineered our minds to make us believe we need them then we'd only be a people who used what we really needed, namely clothing, food and shelter. I am not about to slate technology because mobile phones and automobiles are a great invention but who really needs a touch sensitive phone for instance? Hello! I've got fingers and they're not broken. Or a car where I could watch TV when my attention should really be on the road and I can go back home and watch TV on a better screen. They even managed to make us believe we need HDTV so that we can see the wrinkles in Ellen Degenres' face. Better picture they call it but why don’t you just give me a slap on my face and ask me to hand over my money. We now live in a world where success is judged on ones material possession and the likes of Victoria Beckham can go to the newspaper and say my perfume empire is worth £109million. Looks like that's really news these days. Now Russia wants to go claim ownership of some part of the Antarctic…money money money and now the whole world is crumbling just because there is less of it in circulation. How could man become such a servant to what it made? I didn’t hear God say when he finished creation that go and be servants to the animals…I thought it read go and have dominion over the animals and the things of the world.

By all means if Americans are happy to bail out the banks it will be the way to go but will the government act this time? Will they ensure that legislation is put in place to protect people more, that banks do not give credit to those who clearly cannot pay and those hedge fund people stop making greedy deals? I am not an economist and I don’t know how these things work but I know that the government sat on their butts the whole time lapping up the glory that comes from a perceived economic buoyancy when in fact the whole thing was built on a farce. God just look at it, who thought Lehman Bros could fall? Anyway this is where the rant stops but I just hope that these morons in government will learn a vital lesson here that greed can bring you money only for a short period but will probably wreak more havoc than they can handle.

Have a wonderful week!

37 comments:

Laughter said...

First.....

doll said...

damn, these word verification crap made me 2nd

Parakeet said...

Ok, doll for your sake it is removed...happy now? lol!

Chukbyke.Okey,C. said...

The whole issue is wrong
You are right
Marx was right
We got him wrong
This is wrong
What is now right?
Charles
(Roma-Italia)

ShonaVixen said...

you are so right gurl...greed = short term money!
And yup I was as shocked when the great Lehman Bros collapsed..are we looking @ another recession??

doll said...

Does this mean that taxes has been increased?

Tigeress said...

Well said Parakeet. I have friends that work at Lehman and they screwing big time. The finance industry is in turmoil- and it's only those in it that can really feel the impact. If Lehman can go down, any other bank can. God help UBS!

Ladi said...

eight!!!!! oya, back to the post!

kmplx said...

oya, let's all go back to hunter-gatherers, and bartering in cowrie shells, now those were the days!!! i'll be the first to give up my touch-sensitive phone for a sheepskin loin cloth. LOL!
personally, i blame democracy - that's advertising in it's full-glory.
nice rant! thx for poem comment. :)

SOLOMONSYDELLE said...

greed is the problem and a system that rewards greed will always result in this problem - a potentially crippled economy.

There simply has to be a balance to the greed. Will that be regulation? Definitely some oversight. Though pure laissez fair advocates will argue that oversight will stifle progrees, but i beg to differ. It might slow progress but it won't kill it. People will always want to make money, and there's nothing wrong with that. But, we cannot continue to foster schemes that only benefit a minority while overwhelmingly disadvantaging the majority.

Ah, I'm beginning to rant, so thanks for this post, Madam. It was definitely thought provoking especially as I almost posted about this today but thought against it. I might do it on Monday nonetheless.

Take care!

Abujamaiden said...

Sad Fact! hope Nigeria doesn't become like that as we move towards becoming more developed by 2020.

Doja said...

Years of deregulation have finally caught up with the American economy, unfortunately if they go down everyone else follows.

dat one okrika girl...xyz said...

Well put. Sadly i doubt they will learn their lesson, how many years ago were we just dealing with the likes of World Com and Enron.

Sprezatura said...

And all Nigerian advert agencies are jumping for affiliations, are we really benefiting from these affiliations, i know we arent as a nation, but some really greedy people in those agencies n on the clients side are really cleaning out. For America, i really dont care, think they are paying the price for rigging the first election and still voting the same old dumb idiot in.

Rita said...

I wish I understood what's going on...

uNWrItten* said...

wow...somebody is pissed!
sha i feels u on all this...this country is basically going down a shithole..and only God can help us men..

how far tho?

wellsbaba said...

yeah lehman crashed n US economy can go down but don't be alarmed,we all will not go down.some months back I had a discussion with a coupla friends bout d lifespan of america's world dominance n we concluded by 2015 US will nolonger b d world power...they cant stay there forever...that has alwais been the trend!a nation comes up only to come down,from d pyramids of egypt to the british empire,US is not gonna b an exception......anywais,greed,greed,greed...I alwais say somthin "everything is good(includin evil) but tooo much of everything is not good" a line has to b drawn for greed

Favoured Girl said...

Too right girl. Western governments did nothing to curb the excesses of the financial sector when it was swelling, because they got revenues from it and they could take the credit for "strong economic growth". Now that the bubble has burst, they are trying to save face, but nobody wants to take the blame and put actual measures in place to make sure it doesn't happen again.

naijalines said...

America needs to get a grip with that economy of theirs! Imagine...all these problems started with lame mortgage advisers selling dodgy mortgages to unsuspecting clients who could not afford to keep up payments.

Now the world could be held to raqnsome but alas a handout of billions to save us all from the brink. America get a grip!

archiwiz said...

Sis how you dey oh... Long time no hear...

Naapali said...

thanks for this one.
You are quite right our modern existence seems to be one where we are perpetually on the treadmill of ever increasing consumption. We work at jobs we don't love to buy goods we don't need with money we don't have.

Now we blame the bankers et al, but mainstream America (and UK, and Europe) got used to spending more than it earns, living lives of luxury once the remit of the truly wealthy.

Now we will sell treasury bonds (IOUs) that China and other SWF will buy, further mortgaging our futures and values to our modern day paymasters.

ShonaVixen said...

O thy fine Parakeet, where art thou???

Doja said...

How far?

Itsme! said...

Nice one!

Free-flowing Florida said...

Tomorrow free-flowing florida becomes FFF & Shotmusinz becomes Ruffin' It. Don't miss this ...

FFF said...

dis dat d solution 2 d problem?? asking citizens 2 take d responsibility?? am really dumbfounded dat america got into dis mess? they sold capitalism 2 us, now they r crippling down it. sad sad sad



"Ruffin' It" is launched. If u haven't been there, follow my link ...

LG said...

just checking up on u dear'
hope u r ok

SOLOMONSYDELLE said...

Hope all is well

30+ said...

Been a while lady, hope you are good?

Just dropping by to say hi.

Buttercup said...

Hey sweetie! How've u been??

Buttercup said...

Hey sweetie! How've u been??

OluwaDee said...

How u doing?

Anonymous said...

Hi Parakeet,
Writers block?
Close to 2 mths now, no blogging. Hope u r ok and hope to c u next week at half term.

Rita said...

Hi you...where are you and how are you doing? I am feeling your absence.

And Afrobabe?

SOLOMONSYDELLE said...

haba, wey you?

NigerianDramaQueen said...

Parakeet where r u? Update! I miss you joooo

OKEY.CC said...

Are you ok?