The Unelected Super-Rich Showing Brits to the Exit

Posted by Martin Cohen

On the 23rd of June 2016, the UK votes on whether or not to 'leave' the European Union and regain full control over its own affairs instead. At least, that's how the argument is put by those in favour of the move. 

For humdrum workers in industries that actually import or export products or materials to the EU, it only means higher tariffs and complicated paperwork. For bosses it means increased costs and uncertainty – and reduced investment. But for one group, it does indeed promise a splendid new dawn of 'freedom'. This group is the super-rich, and they work in financial services in the City of London.

For them the battle lines with the EU were drawn after the crash of 2007/8 which so nearly collapsed the entire Western banking system. The response, apart from pouring billions of taxpayer dollars, euros and yes, British pounds into the pockets of the injured speculators, was increased regulation.

And so the dirty secret, as I see it, of Brexit is the financial services industry jockeying for 'lighter touch' regulation. But this issue has not been given prominence - instead we have talk about conventional business, trade flows, workers rights and currency rates. A constant complaint has been that EU laws are made by people who are unelected – which is simply not true. The real levers of power in the EU remain firmly in the hands of the national governments. But no one is interested in how the EU really works, they just want to stop the 'migrants'.

The UK is obsessed with keeping out migrants. Indeed, waves of Somalis, Afghans, Iraqis and now Syrians are rather alarming – and certainly include a whole host of issues about conflicting social values. But what people mean by this is fellow Europeans. People who are better educated that the average Brit, and far more cultured, all they want to do is work hard and be useful members of the community. But many British resent or even hate them in just the same irrational way as uneducated whites hate people of colour. Because they're 'different'. This is why the British are such poor members of the Union, and if they vote themselves out of it in June, it will be this kind of nationalism that will have won it for 'Leave'.

But giving 'the great unwashed' – the lower classes – this power is not usually done. Indeed the UK is primarily voting in a rare referendum because for decades leading the (ruling) Conservative party has been impossible without assuaging the demands of a noisy Europhile group. Even now, if the UK Parliament had an unencumbered vote, they would not hesitate but to continue working within the EU. In this way, the unelected bosses of the hedge funds and spread-betting firms who have been backing the 'Leave' campaign  are driving the British where they want.

These are people like Richard Tice, co-chair of Leave; Crispin Odey, Peter Cruddas, a former Conservative Party Treasurer; Stuart Wheeler of IG; Michael Hintze, Conservative donor; not to entirely forget Edi Truell, Brexiter and again a major Conservative donor.

For these city speculators – 'value trashers', in City jargon – the possibility of the pound plummeting, of share prices collapsing, of market and political dislocations with dire and unpredictable consequences – all represent big opportunities and easy money.

Market disruption is excellent news for them, and so will any longer-term  post-Br exit dislocation.

And so, to sum up, the 'real story', as I see it, of Brexit is the worst elements of the financial services industry jockeying for 'lighter touch' regulation. It's the poachers tricking the rabbits into letting them be the gamekeepers.

The Unelected Super-Rich Showing Brits to the Exit

Posted by Martin Cohen

On the 23rd of June 2016, the UK votes on whether or not to 'leave' the European Union and regain full control over its own affairs instead. At least, that's how the argument is put by those in favour of the move. 

For humdrum workers in industries that actually import or export products or materials to the EU, it only means higher tariffs and complicated paperwork. For bosses it means increased costs and uncertainty – and reduced investment. But for one group, it does indeed promise a splendid new dawn of 'freedom'. This group is the super-rich, and they work in financial services in the City of London.

For them the battle lines with the EU were drawn after the crash of 2007/8 which so nearly collapsed the entire Western banking system. The response, apart from pouring billions of taxpayer dollars, euros and yes, British pounds into the pockets of the injured speculators, was increased regulation.

And so the dirty secret, as I see it, of Brexit is the financial services industry jockeying for 'lighter touch' regulation. But this issue has not been given prominence - instead we have talk about conventional business, trade flows, workers rights and currency rates. A constant complaint has been that EU laws are made by people who are unelected – which is simply not true. The real levers of power in the EU remain firmly in the hands of the national governments. But no one is interested in how the EU really works, they just want to stop the 'migrants'.

The UK is obsessed with keeping out migrants. Indeed, waves of Somalis, Afghans, Iraqis and now Syrians are rather alarming – and certainly include a whole host of issues about conflicting social values. But what people mean by this is fellow Europeans. People who are better educated that the average Brit, and far more cultured, all they want to do is work hard and be useful members of the community. But many British resent or even hate them in just the same irrational way as uneducated whites hate people of colour. Because they're 'different'. This is why the British are such poor members of the Union, and if they vote themselves out of it in June, it will be this kind of nationalism that will have won it for 'Leave'.

But giving 'the great unwashed' – the lower classes – this power is not usually done. Indeed the UK is primarily voting in a rare referendum because for decades leading the (ruling) Conservative party has been impossible without assuaging the demands of a noisy Europhile group. Even now, if the UK Parliament had an unencumbered vote, they would not hesitate but to continue working within the EU. In this way, the unelected bosses of the hedge funds and spread-betting firms who have been backing the 'Leave' campaign  are driving the British where they want.

These are people like Richard Tice, co-chair of Leave; Crispin Odey, Peter Cruddas, a former Conservative Party Treasurer; Stuart Wheeler of IG; Michael Hintze, Conservative donor; not to entirely forget Edi Truell, Brexiter and again a major Conservative donor.

For these city speculators – 'value trashers', in City jargon – the possibility of the pound plummeting, of share prices collapsing, of market and political dislocations with dire and unpredictable consequences – all represent big opportunities and easy money.

Market disruption is excellent news for them, and so will any longer-term  post-Br exit dislocation.

And so, to sum up, the 'real story', as I see it, of Brexit is the worst elements of the financial services industry jockeying for 'lighter touch' regulation. It's the poachers tricking the rabbits into letting them be the gamekeepers.

Deconstructing Boris

By Martin Cohen 

'Deconstruction,' wrote Jacques Derrida, 'is justice.' Yet deconstruction's effectiveness has been questioned as a political tool. Often it has been accused of political quietism. No clear political consequences may be drawn, it is said, from an interpretive theory that claims that all meanings are unstable. Chomsky condemned Derrida as 'plain gibberish'.

But watch, as we apply some deconstruction to a topical issue in the context of British politics. There's plenty of gibberish emerging, and that fact reflects not a fault in the deconstructionist technique but rather that a great deal of political language is, as deconstructionists might say, 'at variance with itself '. Put another way, there are contradicitons and exposing contradictions is the proper task of both politics and philosophy.

Now to the case in point. 

Earlier this month (May 2016) Alexander Boris de Pfeffel Johnson stepped down as Mayor of London – his eyes apparently firmly set on becoming the next Prime Minster of England. As leading light of the British campaign to 'free itself' from the European Superstate, his fate depends now on public pereceptions of his good character and honesty. And a central element of his political platform – his explicit policy – is to speak out determinedly against political leeches – famously referring to those who have 'their little jaws wrapped blissfully around the giant polymammous udder of the state'. It is a comment which may come to follow him around for some time to come.

Now, in terms of deconstruction, what one does is to examine Johnson's stated policy for any signs of oppositions which may be at variance with it or work against it. Happily – though not for Johnson – we do not need to look far. Johnson himself has not been above appointing cronies to publicly funded positions as special advisors.

There are, on the one hand, the unpaid advisors who come from the ranks of the great and the good. Then there are the paid ones, the media moles, the political cronies … and the City financiers lining their own nests. They are paid, despite seeming often to have few special duties or responsibilities other than to make up a kind of political court for Boris Johnson.

Some examples already in the public eye:

• Political

Ian Clement, conservative apparatchik (government and external relations, £124,364) who was forced to quit over the misuse of a corporate credit card, and for claiming back expenses for a business dinner with the Tory leader of Barnet council Mike Freer, which appears not to have taken place. Just days after his boss, Boris Johnson, publicly stood by him.

Richard Barnes, (Deputy mayor for communities, salary £92,594)
Conservative London assembly member for Ealing and Hillingdon and previously leader of Hillingdon borough council.

• Media

Guto Harri, The former BBC political correspondent (£124,364).

Anthony Browne, Policy director (£124,364), former Observer and Times journalist, director of the centre-right think tank Policy Exchange,

Andrew Gilligan, senior reporter for the Daily Telegraph, and his cycling advisor whose meagre workload in 2015 included 'Lunch with Chief Reporter Telegraph re Mayor's cycle vision' … for which he claimed back £80. His modest special advisor salary of £50k (pro rata, but in addition to his Telegraph one) notwithstanding.

But above all it is the City connections that are most alarming. And here the sums of public money flowing towards private wallets run into the millions and multimillions.

• City Chums

After his victory, partly based on protecting the City of London from EU regulation, he appointed one of the City donors to his election campaign, Edmund Lazarus, to a £14,000-a-year spot on the board of the London Development Agency.

With so many dodgy appointments, attention has hardly been focused on one unpaid advisor: Edi Truell, a multimillionaire city financier who the Mayor appointed as his unpaid special advisor for pensions. However, Edi Truell is perhaps the most dangerous appointment of them all.

At his confirmation hearing in London, it emerged that he was being confirmed without providing a CV. 'We asked about a CV and we were advised by the Mayor’s office that his letter recommending appointment gave a summary of what he felt were the qualities of the candidate.'

Nor, worryingly, did he provide the committee with a list of possible conflicts of interests. Apart from the one about selling insurance to pension funds, and the strange project to sell 'sustainable renewable' energy to the UK via a fantastically long cable from hot springs in Iceland.

It all gets rather too complicated. The details are in the public domain for those who should wish to unravel them and I've written a bit more here. But the long and the short of it is that Truell would seem to have his  little jaws wrapped blissfully around the giant polymammous udder of the state. At the city financier's confirmation hearing to become Boris's pensions guru, it emerged that in at least one case – pensions management – he stood to make millions of pounds from his new role. This money however, Truell reassured the committee, was pledged already to charity.

To return to the beginning. Has some simple deconstruction proved its political punch? Surely yes. Whatever we thought of Johnson, we cannot think the same after the application of the technique. In fact we would do well to apply it in every political arena. One may easily take politics at face value – just as one may take Boris at face value – digging no deeper than his vivid objections to political leeches, and in the next few weeks his loud and apparently passionate denunciations of the European Superstate as the home of elitism and the enemy of democracy.

Whatever Derrida may have meant by the term,  deconstruction, in such cases, is an essential political tool.

Deconstructing Boris

By Martin Cohen 

'Deconstruction,' wrote Jacques Derrida, 'is justice.' Yet deconstruction's effectiveness has been questioned as a political tool. Often it has been accused of political quietism. No clear political consequences may be drawn, it is said, from an interpretive theory that claims that all meanings are unstable. Chomsky condemned Derrida as 'plain gibberish'.

But watch, as we apply some deconstruction to a topical issue in the context of British politics. There's plenty of gibberish emerging, and that fact reflects not a fault in the deconstructionist technique but rather that a great deal of political language is, as deconstructionists might say, 'at variance with itself '. Put another way, there are contradicitons and exposing contradictions is the proper task of both politics and philosophy.

Now to the case in point. 

Earlier this month (May 2016) Alexander Boris de Pfeffel Johnson stepped down as Mayor of London – his eyes apparently firmly set on becoming the next Prime Minster of England. As leading light of the British campaign to 'free itself' from the European Superstate, his fate depends now on public pereceptions of his good character and honesty. And a central element of his political platform – his explicit policy – is to speak out determinedly against political leeches – famously referring to those who have 'their little jaws wrapped blissfully around the giant polymammous udder of the state'. It is a comment which may come to follow him around for some time to come.

Now, in terms of deconstruction, what one does is to examine Johnson's stated policy for any signs of oppositions which may be at variance with it or work against it. Happily – though not for Johnson – we do not need to look far. Johnson himself has not been above appointing cronies to publicly funded positions as special advisors.

There are, on the one hand, the unpaid advisors who come from the ranks of the great and the good. Then there are the paid ones, the media moles, the political cronies … and the City financiers lining their own nests. They are paid, despite seeming often to have few special duties or responsibilities other than to make up a kind of political court for Boris Johnson.

Some examples already in the public eye:

• Political

Ian Clement, conservative apparatchik (government and external relations, £124,364) who was forced to quit over the misuse of a corporate credit card, and for claiming back expenses for a business dinner with the Tory leader of Barnet council Mike Freer, which appears not to have taken place. Just days after his boss, Boris Johnson, publicly stood by him.

Richard Barnes, (Deputy mayor for communities, salary £92,594)
Conservative London assembly member for Ealing and Hillingdon and previously leader of Hillingdon borough council.

• Media

Guto Harri, The former BBC political correspondent (£124,364).

Anthony Browne, Policy director (£124,364), former Observer and Times journalist, director of the centre-right think tank Policy Exchange,

Andrew Gilligan, senior reporter for the Daily Telegraph, and his cycling advisor whose meagre workload in 2015 included 'Lunch with Chief Reporter Telegraph re Mayor's cycle vision' … for which he claimed back £80. His modest special advisor salary of £50k (pro rata, but in addition to his Telegraph one) notwithstanding.

But above all it is the City connections that are most alarming. And here the sums of public money flowing towards private wallets run into the millions and multimillions.

• City Chums

After his victory, partly based on protecting the City of London from EU regulation, he appointed one of the City donors to his election campaign, Edmund Lazarus, to a £14,000-a-year spot on the board of the London Development Agency.

With so many dodgy appointments, attention has hardly been focused on one unpaid advisor: Edi Truell, a multimillionaire city financier who the Mayor appointed as his unpaid special advisor for pensions. However, Edi Truell is perhaps the most dangerous appointment of them all.

At his confirmation hearing in London, it emerged that he was being confirmed without providing a CV. 'We asked about a CV and we were advised by the Mayor’s office that his letter recommending appointment gave a summary of what he felt were the qualities of the candidate.'

Nor, worryingly, did he provide the committee with a list of possible conflicts of interests. Apart from the one about selling insurance to pension funds, and the strange project to sell 'sustainable renewable' energy to the UK via a fantastically long cable from hot springs in Iceland.

It all gets rather too complicated. The details are in the public domain for those who should wish to unravel them and I've written a bit more here. But the long and the short of it is that Truell would seem to have his  little jaws wrapped blissfully around the giant polymammous udder of the state. At the city financier's confirmation hearing to become Boris's pensions guru, it emerged that in at least one case – pensions management – he stood to make millions of pounds from his new role. This money however, Truell reassured the committee, was pledged already to charity.

To return to the beginning. Has some simple deconstruction proved its political punch? Surely yes. Whatever we thought of Johnson, we cannot think the same after the application of the technique. In fact we would do well to apply it in every political arena. One may easily take politics at face value – just as one may take Boris at face value – digging no deeper than his vivid objections to political leeches, and in the next few weeks his loud and apparently passionate denunciations of the European Superstate as the home of elitism and the enemy of democracy.

Whatever Derrida may have meant by the term,  deconstruction, in such cases, is an essential political tool.

Terrorists, Secret Services and Private Incomes

Sceptical reflections and conspiracy theories relating to the politics surrounding the killings at Charlie Hebdo and the recent massacre in Saint Denis

 

The shooting at the start of this year of the cartoonists at the Parisian satirical magazine, Charlie Hebdo has all the hallmarks of a CIA inspired brutal incident. November's massacre at Saint Denis looks much more like an attempt to replay, in the center of European social life, similar deadly outrages to those committed in towns and cities across the Middle East. Colin Kirk* teases out the links.

That most of the perpetrators of these atrocities were known to French secret services is now admitted. There are even several indications of what may have been secret service and police assistance to the Charlie Hebdo incident. Help apparently given to the get-away vehicle and discovery of the driving license dropped by the driver recalls some aspects of the slaughter of over 3000 people on the ninth of November 2001 in New York.

Charlie Hebdo was a satirical magazine before it got its current name after an atrocity in Northern France that resulted in over a couple of dozen deaths was reported in Paris as 28 dead in Northern France. It caused little stir compared with mourning for De Gaulle, who died a few days later. Un homme mort à Paris was the bold, black cover of what was thereafter called Charlie Hebdo.

President Charles De Gaulle founded the Fifth Republic in his own image with draconian rights of state surveillance of its citizens that are not dissimilar to those afforded by the American Patriot Act. The State of Emergency currently in force allows police entry without warrant and arrest without charge. There really isn’t any further to go in state legal rights of citizen control, is there?

The CIA is known to have funded media to promote certain political messages in America, Britain and France in particular. On his own account, Stephen Spender, the editor of the British literary magazine Encounter, originally founded by the poet Stephen Spender, resigned  when he discovered the source of much of its 'well-wisher' donations.

Satirical media and those critical of the state were important to western democracies to demonstrate state toleration of dissent in comparison with actions of totalitarian states. Egalité and Fraternité were far less important to politicians than the sacred notion of Liberté.

How to help the French living under Terror and their own Terreur

Posted by Perig Gouanvic

"Inside a Revolutionary Committee under Terreur (1793-1794)"
Finger pointing and cleansing the public discourse is not new In France

In France, there are very old beliefs, reminiscent of the Terreur era, about religion and minorities that should never be questioned. Multiculturalism is considered a danger. Let's consider, for instance, the fact that the Paris attacks terrorists, who were born an raised in France or Belgium have more in common with the skinheads of the 1980s than with the fundamentalists we see on TV. They drink alcohol, smoke pot, play murder rampage video games, and really have the "no future" belief system of other teenagers 20 years ago. Several observers witted that religion would actually be a pacifying, structuring, influence for these young people. In other words, supporting the strength of religious communities, not just stopping humiliating them, might actually prevent terrorism. At the present moment, the orthodoxy says that we should not limit "free speech" - especially the Charlie* kind - and even that we should celebrate humiliation of religion as the most exquisite mark of French Freedom and Rationality.