Years Of Corruption And Mismanagement

Recent events in the stock market have proved what most of us suspected all along. That the whole economic system of this country has been run by greedy, selfish, incompetent, corrupt and ethic less people, who over the last twenty years have been filling their pockets with other people’s money on the grounds that they possessed some magical formula to make rain. Today they are exposed as the incompetent, irresponsible mediocrities they are.

As usual though, they have walked away with their ill-gotton gains while the rest of us are left to pick up the bill, and what a bill it will prove to be. Our pensions are going to the wall, our savings will be taxed even more to pay for the feckless and our hopes of a half decent retirement are evaporating by the day.

I can always remember an interview with Margret Thatcher when she was prime minister. The interviewer was questioning the wisdom of removing the cap on how much plc directors could pay themselves. The argument was that the cap on director’s wages in plc companies was discouraging the brightest and the best business men from taking jobs in British PLC companies. By removing the cap on director’s wages these wonder men would come flocking to British PLC companies and use their super powers to propel the companies to world-wide dominance securing the jobs of the workers.

When the interviewer suggested that they may abuse the system and pay themselves huge incomes that they didn’t deserve. Mrs Thatcher, in her best fake indignant voice said something like “these are professional people, they wouldn’t do that.” Within months of the cap been removed stories of excessive director’s pay began to leak out as these “professional people” began to fill their pockets with money they did not deserve.

The feeding frenzy continued for twenty years with ever more excessive payouts to chairmen for failure, mind boggling sums of money were stolen by these barons from PLC companies. No thought was given to the working people who had over the years built these companies up. They were expendable on the new alter of globalism. Their wages forced down deliberately by mass immigration approved by all the political class.

Now, after years of corruption, greed and incompetence the whole thing is collapsing around our ears. The people responsible have fled with their sacks of money to their country houses or overseas properties, so they won’t have to face the consequences of their greed and corruption. Meanwhile the people who have spent their lives working and saving are left standing in the road while their lives collapse around them. The very same people who will be hammered for tax to clear the mess up.