Why are the big banks so keen on Single Market membership?

Excellent read✔️✔️✔️✔️✔️✔️✔️

21centurymanifesto

Financiers are worried about their continued ability to control EU markets – they do not have ordinary people’s best interests at heart, writes John Foster


LAST week Goldman Sachs chief executive Lloyd Blankfein tweeted that it may be necessary for Britain to hold a second referendum on the EU. Too many CEOs, he claimed, “are not happy” with the result.

What is Goldman Sachs? It is the United States’ biggest investment bank. It is also the EU’s.

Last year Goldman Sachs handled 33 per cent of all EU mergers and acquisitions. Together with JP Morgan and Morgan Stanley, these three US banks handled 80 per cent of all company mergers and acquisitions in the EU. They also dominate most other financial services. They do so from London.

These banks are now worried about their continued ability to control EU markets from their still partly deregulated base in the City. They…

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Attacks on SKWAWKBOX intensifying and desperate. Wonder why..

The SKWAWKBOX

wilde enemiesA week ago, the SKWAWKBOX reported on the Murdoch Times using a decision by IPSO (the so-called Independent Press Standards Organisation) on a complaint made about smears in the Mail and S*n to attack this blog’s credibility. IPSO is funded and run by the mainstream press to create what has been called ‘the illusion of reform’ – Mail editor Paul Dacre is its recent chair.

That attack has now been repeated and intensified across the right-wing press including, yesterday, Murdoch’s S*n.

Ironically but unsurprisingly, the attack is itself fake news – fake news that hints at a certain desperation.

The news is fake because it cherry-picks parts of the decision and fails to mention the fact of IPSO’s funding and management in order to treat the organisation – which is not Leveson-compliant – as an independent and official arbiter.

bloggs ipsoIt omits, for example, the fact that the Mail – whose…

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Money in politics: Conflicts of Interest?

tishnaught

This post is prompted by finally finishing ParliamentLtd, by MartinWilliams.

I didn’t anticipate being surprised or shocked. I just thought  it would provide me with excellent examples to share.  I was wrong.  I was shocked.

Nothing prepared me for  an illustrative example offered relating to a politician referred to as “Loretta“.  That is not his/her real name. Why can this not be shared? Read on.

image

Transparency?

The research for this book has clearly been laborious.  If you, like me, thought we had a transparent, & accountable’ system to register MP’s interests think again.  The delving required led the author to conclude that it is ” reallyreallyeasyforMP’s  tohidetheirinvestmentsinbigbusiness” (p17).

British companies have to send their list of shareholders to Companies House on an annual basis. It’s a public register so it should be easy…

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Welsh Labour disenfranchises members – again – via freeze date

🎶When will they ever learn🎶

The SKWAWKBOX

wecInformed Welsh Labour members are outraged by the Welsh party machine’s continued attempts to prevent them having a proper democratic say over the candidates supposed to represent them.

The SKWAWKBOX has already highlighted Welsh Labour’s decision not to give its members the same rights recently given to members in England to control the selection of their parliamentary candidates – and to suspend even the difficult ‘trigger ballot’ process that allows Labour members a chance to remove a poor candidate.

Now, with elections to the ‘CLP section’ (constituency Labour party) of the Welsh Executive Committee (WEC) due in 2018 Welsh Labour has also announced a ‘freeze date’ that will prevent newer members from voting.

The Welsh party has sent a letter to CLP secretaries advising them of the date by which members must have joined in order to vote in the WEC CLP election:

wec 21 July 2017.

The UK-wide election of…

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Zoltan Zigedy: Inescapable Contradictions

As Neoliberalism implodes
A clear path for Socialistsis in vision
Let’s walk the walk

21centurymanifesto

Marxists favor the term “contradiction.”
A discussion of “contradiction” as a Marxist technical term can become quite tangled and obscure, particularly when the discussion proceeds to Hegelian philosophy. But some clear and simple things can be said about contradictions without delving deeply:
  • Marxists use the term to indicate a conflict between elements, social forms, forces, processes, or ideas that expresses a fundamental opposition rather than a conflict that arises by accident or happenstance.
  • Contradictions are not resolvable without an equally fundamental or qualitative change in the antagonists or their relations (Mao Zedong, in his writings, chooses to allow for conflicts [“contradictions”] that are non-antagonistic as well).
Thus, the conflict between dominating and dominated social classes (the capitalists and the working class, for example) represents a contradiction since opposition is fundamental to the nature of the classes and cannot be resolved without a radical and qualitative change in their relations. The…

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