Thursday, July 19, 2018

Keiser Report: Consequences of Neoliberalism (E1254)

I've looked at a few videos this morning all good enough to put out here, but I never reached the end of them so I thought maybe not quite, but this video gripped me to the end.

Max Keiser  discusses how since neoliberalism was introduced back in 1976 Britain's productivity has gone steadily down and has got a lot worse since 2008. In Britain it takes workers five days what the French produce in four. Max Kaiser says British workers need a pay rise.

Max Kaiser says how the government was thinking about linking London and all the major cities up to Scotland with a new rail system to take the heat off London and spread more work to the regions, but the gents in the City of London put the blockers on it as a overheated London and impoverished regions suited them better.

Now if that was interesting the second half is riveting. RBS and Loydds which are publicly owned deliberately pulled the rug from under 30,000 small too medium sized businesses bankrupting them to make massive profits while destroying Britain's productivity even more. Two reports were produced about it but the Conservative Government  sat on them, and so did the BBC. Many small businessman committed suicide when their businesses folded up.

But there's more, the banks lost hundreds of £billions but were also caught money laundering, but the top bankers made a fortune. Neil Mitchell, a whistleblower, has uncovered all the crime the bankers have committed and says they should be put on trail. This is basically organized crime and the Conservative Party is hiding it. This is treason.



In this episode of the Keiser Report, Max and Stacy ask why it takes a British worker five days to produce the same economic value as a French worker produces in just four. Productivity has collapsed in the UK to the lowest since 1794. In the second half, Max interviews Scottish businessman, Neil Mitchell, about his many years long battle for justice for UK victims of RBS, the taxpayer owned bank that was found to have forced viable businesses into bankruptcy. Mitchell suspects the bank may have also practiced such tactics in America and is taking his case across the Atlantic.

4 comments:

lastgreek said...

"Silver $500"

I remember that ;)

Bob Roddis said...

What's up with this "neo-liberalism" nonsense? All of the world's regimes are now based upon MODERN MONEY. Wealth inequality. the boom/bust cycle and the impoverishment of the masses are its natural result.

Take credit where credit is due.

Andrew Anderson said...

So maybe we should go back to the Tally Stick, Bob? Or were those just worthless pieces of wood?

Tom Hickey said...

Classical liberalism is about laissez-faire.

Neoliberalism is about formerly classical liberals realizing that the government makes the rules and issues the money, so instead of laissez-faire it is necessary to capture the government and run it for the interests of "capital" (read the interests of the elite based on rent extraction).