GFC

The 21st century repeats most stupidities in history, just with more modern methods. The ability to torture, kill, blackmail and abuse regular people has increased, which throws human rights back to an all time low (or at least since the 'civilised world' came up with the meme 'human rights').

While the meme of hope still awaits desperately to become a tangible reality, another fear meme infects the planet. The Geriatric Freak Club came up with GFC as synonym for Global Financial Crisis in a desperate attempt to produce more smoke to hide the arsonists responsible for the slowdown in economy.

Capitalism ostensibly gives everyone the chance the succeed, but this word does not in any way describe the functionality of global economic systems. Lack of accountability in politics and corporations inevitably leads to fascism, or how Mussolini called it, corporatism.

'Bailing out' failed commercial enterprises with taxpayers money just redistributes wealth from the bottom to the top, society as a whole loses. No one bails out house owners who suffer from the tight grip around the neck, exerted by the global banking system.

After abusing their powers to print money to setting up absurd, risky and pyramid-scheme like 'financial products', the banks now sulk over their self-produced failures. But being outside any governmental, or even democratic control, the banks use their remaining financial and propaganda power to distract from a system that cannot work in favour of all participants.

The Australian government granted Pacific Brands $17 million, out of which $7 million increased the pay of the executive staff (yeah right, those people who fucked up their business in first place). The amount of unjustified assumptions that shines through the commentary made me laugh a lot, and sad at the same time.

One head parasite of the GFC said:

I think the workers are right to be absolutely furious with their management, and certainly their management has got a lot of explaining to do.

What a consolation, Mr. Swan. 1800 workers lost their jobs, after the government doubled the executive's pay with taxpayers money. Now, jobless and with some drastic consequences for their livelyhood, allowing their anger might distract them from the corrupt government preposterously claiming to work for them as well.

Now, after the damage has happened, the GFC will 'look into all options' to prevent that unconditionally handed over tax payers money ends up in a few pockets. What about confessing that the bailout idea simply cannot work? What about a simple sorry?

'Looking into all options' takes time, so probably nobody notices how much money the government pumps into the criminal Connex connection, or the feudalistic banking industry. 'Looking into all options' means having a club of 'experts' jabbering for week and months, and coming back with results only if the problem still has some public attention.

The result is highly predictable: If Australia wants to be competitive on the global market place, the government really can't do too much. The 'golden parachute', another meme on the rise in the 21st century, cannot be taken away from those poor creatures that feel only born to command, but not to work. Err, sorry, we really deeply looked into this, but there's nothing to be done. Thanks for the fish.

Our global monetary system lacks sustainability, it needs collapses to remain 'stable' for short periods of time. As long as the basic structure of this system remains untouched, it will continue to work as designed: Concentrating this planets wealth in the hand of a few.