Britain, going down, fast

Theresa May’s speech to the Bank of England shows how devoid of intelligence the political narrative in our modern world really is. She announced that the free market is the greatest agent of human progress ever created but that it must be properly regulated and operate under the right rules and regulations. This is meaningless. If any system is governed by rules and regulations you cannot call it free.

This obsession with a ‘free market’ has taken on the mantle of religious faith, a belief founded on superstition. In her speech May stated that “We should never forget that raising the living standards, and protecting the jobs, of ordinary working people is the central aim of all economic policy. Helping each generation to live longer, fuller, more secure lives than the one which went before them. Not serving an abstract doctrine or an ideological concept, but serving the real interests of the British people.” However, since this blog first began I have been telling you that the concept of the free market is exactly that, an abstract doctrine and an ideological concept. What makes May’s speech so nauseating is that she is presiding over a government whose entire policy programme is directed towards lowering the living standards and destroying the jobs of ordinary working people. A free market operating under rules and regulations is a contradiction. What a Tory means by the free market is that employers, bankers, financial institutions and the business class should be free from the rules and regulations May hypocritically claims are necessary. I repeat what I have said before, there is a world of difference between the concepts of a market economy and a free market economy.   

In health, education, housing, indeed all areas of social and economic life, successive pigsty governments have sought to remove ordinary people’s rights and legal safeguards. These rights are seen as constraints on business, on profit-making and on what they continually call wealth-creation, another meaningless absurdity. What May betrays is that she doesn’t even begin to understand the very concept she worships. As I continually tell you, she is a typical example of the well-schooled but poorly educated. As her disastrous approach to Brexit daily demonstrates, she is as thick as mince. She is head of a system that systematically removed all meaningful rules and regulations from banks and financial institutions that resulted in the financial crash and that has done absolutely zero to remedy it since. She is head of the system that was responsible for the Grenfell Tower disaster and she has since been exposed as having lied persistently to the victims and the public. May and her government are in terminal decline and this is an attempt to spike the progress of the Labour Party under Corbyn, however, like her speech, it is meaningless and devoid of intelligence. What worries me is that the British Labour Party may well be actually worse in the form if its personnel. I can identify no-one in the echelons of the Labour Party who displays a scintilla of understanding or coherence of thought and vision. Amongst all of this we have the spectacle of the USA imposing a 219% tariff on British aircraft thus destroying at a stroke the cherished vision of post-Brexit free trade deals. We are indeed a nation built on sand and heading for disaster. You have been warned.

Your Servant
Doktor Kommirat