The recent public disturbance in England has calmed down. Perpetrators are being sought and punished. The victim are trying to come to terms and rebuilding their lives. The politicians, however, continue to pussy foot around trying to address the situation. Prime Minister Cameron has moved from describing the society as a broken society to a sick society. He is busy prescribing remedies without adequately diagnosing the problem.
The problem underlying the uncalled for disturbance in England and the unrest and economic mayhem around the world is a social and economic catastrophe. The heart of the problem lies with the rigid interpretation and application of the Monetarist Economic Policy. In the same way as the Keynesian policy failed in the 1970s, we have to admit and agree that the Monetarist policy has failed now. The Monetarist perspective that money [and property] is all that matters is the core of the current problem. It has created a few who has money and masses who haven't. As a result it has also created selfishness and greed. The masses who still aspire and are encouraged to persevere to acquire money find all kind of obstacles put in their way. First and foremost the people who control the money also control the employment and manipulate the market. The market creates the perception that everyone are entitled to and have a right to own goods no matter the cost. It creates envy and some people use fair and foul means to have these goods. This allows crime to enter the equation.
The masses are also disadvantaged by a failure of governments to promote social well being in the form of good social policy. Society may be broken but we are not instituting social policies to mend this breach. Instead we are creating policies to worsen this breach, and blame people for not being self sufficient. We thus promote a criminal underclass which also live by the monetarist perspective that money is all that matters. Ethics, morals and the law are all ignored or take a secondary position. This is as true in the world of business, for example, the nature of banking and hedge-fund management, and the behaviour of the criminal underclass.
This was summed up by Reginald D Hunter, a US comedian on the BBC "This Week" programme when he said "You cannot tell people who are broke, don't feel hard done by". We care more about money and property than people and so do our politicians.
I am led to believe that politicians regardless of the parties they belong to ignore the masses in society and side with the few rich who funds their respective political parties and their bid to get elected. The masses are the naive majority who continue to trust and believe in their politicians just as gang members do with their gang leaders who continue to manipulate them for personal gain.
Good bye and Good Luck until the next time.
Knight Owl
