The northlondonhippy

Back in 1992, it was the “econ­omy, stu­pid”, but here in the future, its the stu­pid economy.

The econ­omy is stu­pid because it has been built on credit, not actual assets. That’s stu­pid and its no won­der its tank­ing now.

The peo­ple run­ning big busi­ness are stu­pid too, for let­ting things get to this unbe­liev­able state.

But worst of all are the col­lec­tive gov­ern­ments dump­ing tax money into pri­vate com­pa­nies to bail them out. That, my friends is the wrong answer yet every­one is still won­der­ing why the stock mar­kets con­tinue to drop.

Sim­ple, investor con­fi­dence is non-existent. How could it be any­thing else, when gov­ern­ments are reward­ing badly run firms with bailouts. That’s not how busi­ness works and investors won’t respect it.

CEOs and MDs are used to mak­ing dif­fi­cult and painful deci­sions, that’s why they make the big bucks. They don’t hes­i­tate to decide to cut 10 or 20% of their work­force, if it makes their com­pa­nies more prof­itable in the longer term and screw the poor saps who lose their jobs. Life is tough. I don’t think this is a good thing, I just think it is a true thing.

So these tough, hard-assed man­agers are used to exe­cut­ing painful edicts for the good of their firms and they’re not accus­tom to throw­ing good money away. When a gov­ern­ment throws good money away, it wor­ries everyone.

That’s what all this bailout bull­shit is, just plain throw­ing good money away. It’s not going to save any reg­u­lar folks, its not going to pre­vent the stock mar­ket from plung­ing and in the long term, its not going to pre­vent any of these poorly run com­pa­nies from going under.

Its not going to do any­thing except make things worse.

They should have let all of these poorly run, badly man­aged, shitty com­pa­nies fal­ter. Eco­nomic Dar­win­ism and sur­vival of the finan­cially fittest would have been the sen­si­ble response. That would have prob­a­bly resulted in the com­plete restruc­tur­ing of the world’s economies into some­thing sus­tain­able and work­able. Most of all, it would have sent the right mes­sage and let the captalist-pig world know that if you fuck up, you lose.

And then we wouldn’t all be fucked.

Except me, I’m not fucked. I’ve been gath­er­ing shells, beads and berries. I reckon I’ll be able to trade them for weed and junk food when the time comes. That’s all I really need to survive.

Don’t throw away all those bills and bank notes just yet, though, as they’ll still be use­ful as toi­let paper.

Comments are closed.