Tag Archives: Distribution of wealth

SOVEREIGN WEALTH FUNDS MUST BE REGULATED.

06 Tuesday May 2014

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ALT

BY THE YEAR 2015 SOVEREIGN WEALTH FUNDS ARE PROJECTED TO REACH $15 TRILLION.

If we and our governments don’t wake up to these funds and get away from the perception that they are as Saviors of the Western Financial system they will not only privatize everything, but they will lay the foundations for future world conflicts.

At best globalization is a lopsided process.

Why should we allow governments to transfer ownership of business, public services and national resources to the Private sector by sales in whole or part to foreign government – controlled firms or Investment Funds.

There must be a comprehensive International Agreement governing all types of cross-border investments by Governments.

You only have to look at the recent sale of the Royal Mail in the Uk a national asset.

Abu Dhabi Investment Authority, billionaire investor George Soros and activist hedge fund Third Point were among the 16 investors given preferential treatment.  City fund manager Threadneedle received the highest allocation – about 19.5m, equivalent to a 2% stake – and Third Point, the US hedge fund led by activist investor Daniel Loeb, the smallest at 5m – 0.5% of the company.

The list of 16 priority investors included strange beasts who would not fit anybody’s definition of cuddly, reliable, long-term types. Long term my arse they cashed in.  Even the investment arm of the government’s advisers at City firm Lazard had made an £8m profit selling shares in the first week. The privatisation rush will cost taxpayers dearly.

Now I know that there are more pressing problems in the world, wars, starvation, climate change, inequality, technology wast lands, most of which can only be resolved by applying a World Aid commission on all stock exchange transactions.

This which can only be achieved by people’s power demanding such before we are all commodities.

 

THE LANGUAGE OF POVERTY IS CHANGING

29 Tuesday Apr 2014

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If you have even been on the end of a tongue lashing, or received praise you will appreciate the power of Language.

Society is reflected in Language.

Is this the reason that Poverty is being replaced in Language by the word Inequality.

Inequality of wages, inequality of opportunity, inequality of education, Inequality of benefits, inequality of immigration, till you arrive at the inequality of inequality.

My point here is that by replacing the word Poverty with Inequality LANGUAGE is making a consciousness shift in our behavior to Poverty.

FOR EXAMPLE.  Governments legalisation of gambling with Lotteries that take most of it money from the poor to pay for affluent people ‘s activities is a form of moral decay in our Societies.

You might not think that language has the power to changes your perception. You would be wrong.

Language has being used to dehumanize the enemy in all recent wars.

Here are a few examples in no particular order.

Cruts, Nips, Goons, Terrorists, Charlie, Hun, Jerry, Haji, Ragheads, Pinko, Tiliban, Rubble-Heads, Towel heads, Shinnies, Dink, Slope – Bastards, Nips,

Once poverty ment.

Deprivation, want, insecurity, helpless, powerlessness, inferiority, pitiable, despicable, beggar, vagabond, leper, undeserving, deserving, humble,dependent on Charitable relief.

These days Poverty means :

Immigration, human misery amidst the plenty.

In work poverty, no hours contracts, minimum wage, benefits.

Education, state against private.

Refugee. Natural disasters, wars.

Exploitation. Modern day slavery.

You may think that this is of no consequence, but once society starts to dehumanise its social and moral values with words it is devaluing its core values to the whims of the rich condemning the poor to the Scratch card of life.

Inequality is full of blame, while poverty is full reality.

Try it for yourself. Close your eyes. Say poverty. Now say inequality.

I am sure you will appreciate the difference.

THEY ARE PLUNDERING THE PLANET

26 Saturday Apr 2014

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High consumption levels and over exploitation for the sake of profit is continuing to destroy our beautiful planet.

I can hear you saying so what is new.

Nothing I suppose.

But anyone with any intelligence is and should be by now realizing  that with Climate Change we have constructed a materialistic civilization  that is addicted to ravishing its life support system.

The question is. Why is it that we seem unable to agree a plan?

The simple answer is the fear of profit impacts.

What is driving this fear? Unadulterated Greed.

This greed in recent years has taken a new form call Sovereign Wealth Funds.

These are State backed investment bodies that are roaming the globe in search of Profit.

Investment funds that are threatening the hierarchy of legal authority and if not capped will convert all our efforts to combat the ills of the world into commodities to be sold. Air, Water, Energy, CO2 Credits, you name it.

A Sovereign Fund by its definition behaves no different from the state it is appendix.

With such concentrations of economic power they subvert the power of civil rights and human rights.

There is no distinction between state and private interests. No one knows who takes decisions within SWF’s or what criteria they have other than to make profit.

If you think that in the Arab world ( where billions from oil revenue are in these Funds ) there are no contracts on an institution to institution, state to state, or enterprise to enterprise all are a person to person, not to mention Russia or China you would have reason to fear the Privatisation of the Globe by these Funds.

They are not going away but are becoming an increasingly powerful actor in the International Political System and world economy.

In developing Countries they are replacing the World Bank and the IMF ( which might not be a bad thing as both are somewhat dysfunctional in a World economy that is run by computer software programs)

They are now major players in the market economic power struggle using economic globalization ( which does not exclude private market participants from its system) to freely move capital around the world.

You can imagine what is going ( if it is not already happening ) to happen to countries that don’t have capital wealth.

These funds are taking on the characteristics of large aggregation of private economic power for profit for profit sake.

I am sure being Sovereign that they are not subject to tax on their profits. strong>

 

THE FATALISTIC PULL OF CAPITAL ACCUMULATION.

24 Thursday Apr 2014

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The bankers, the CEO’s are not vulnerable to the vote of the common people.
(which they both pay for)

In allowing the continuing privatisation of the Planet uncontested by any rival you might be leaf to think that 9/11 put god’s stamp of approval on Capitalism as a way of life.

But when you look at Africa you might ask is Capitalism turning it into the recycling bin of the world.

We are living in a system that can never be satisfied no matter what we do.

It seems that the entire neoliberal system is held together by what appears to be common sensical myths and deceits all happily coexisting in the commodification of our daily life.

Massive growth of corporate power; globalization is not as some abstract, independent, natural development process, but rather a ruthless, corporate driven extension of commodity production.

It knows of no boundaries or limits to its grand designs, to its gathering of wealth, privilege and power.

Reshaping every dimension of human activity, it is intensifying social divisions which will result in a nightmarish world, with the spread of ecological devastation that recognizes no territorial or cultural boundaries.

Most people, however remain in a state of numbing resignation.

This may be true, but if we are to reevaluate the meaning of democracy we must find a way of making Capitalism responsible.

No better place to start than with Sovereign Wealth Funds capitalism’ s suicidal attempt to colonise nature, and privatize the world. It proceeds as yet unchecked.

I have said in previous blogs that we are incapable due to the God of Greed to acting as one.

If we do not cap the activities of these funds there will be nothing left that you can call FREE other than God.

ARE YOU ONE OF THE MANIPULATED ?

22 Tuesday Apr 2014

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Privatisation of our world is turning Democracy into an empty form of Political ideology.

Don’t get me wrong, Democracy as a political system out guns all other forms of governance.

Because it is a political system for choosing and replacing the government through free and fair elections.

Because it allows the active participation of the people, as citizens, in politics and civic life.

Because it endeavors to protection of the human rights of all citizens.

Because it is a rule of law, in which the laws and procedures apply equally to all citizens.

However, competitive return on Investment Capital is eroding the very essence of the blood given by hundred of thousands of our forefathers sacrifice’s in both world wars.

Why do I say this?    Because it is being Privatised right in front of our eyes for Profit.

Let me give you an example.

It is my belief that our elected representatives in Government ( how manage our hard earned taxes) are being hoodwinked by the Economy into thinking that every service and national resource operates better under market forces rather than state control.

I have nothing against a fair Profit on Investment but I do object to what I call Eternal Profits.

Lets say you build a Toll Bridge, or a Toll road requiring X billion in investment.

I am sure you would agree that the investment should have a fair return but not an Eternal One. The bridge or Road should revert to the nation and be free to its citizens or at least begin to add revenue at a reduced rate to Government coffers for future projects.

This is not happening with Sovereign Wealth Funds investment.  No only does the profit on return not stay in the country to create jobs or whatever it disappears to enhance the profits of the Fund in whatever country the fund happens to be based in.

This does not seem very democratic to me.  It is the duty of our elected representatives to protect its citizens from exploitation.

By handing control of national resources and services to private enterprise it is achieving quite the opposite. Just look at anything that has been sold into the marketplace.  Energy, Health Care, Water, Public transportation, Education.

But there is no generally accepted definition of Democracy but Oscar Wild might have it right when he said,

” Democracy mean simply the bludgeoning of the people by the people for the people”

We won’t be able to stop Sovereign Wealth Funds from Privatising our lives but surely as intelligent people s we should Cap their Investments.

 

 

AS IF WE DID NOT KNOW IT – CAPITALISM AND CLIMATE CHANGE ARE INCOMPATIBLE

21 Monday Apr 2014

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There is no economy without the environment.  For that matter there is no anything.

By this I mean there’s is no question about it, if we turn a blind eye that is what we will have –  Nothing.

There is no need for absolute knowledge for science to come to this truth.

Common Joe Soap can tell you.

There are no thresholds when it comes to Nature.

The Downwinders ( people who have been exposed to fallout from nuclear tests) found out that there is no such thing as teetering on a threshold.

We are being told that the two big ice sheets on the globe are melting.

So for crying out loud are we all sleepwalking.

Like when we obliged the Large global Oil companies by putting a Tiger in our tanks that turned out to be tetraethyl lead a nasty environmental toxin.

Science is about a gradual convergence on the truth. Capitalism is about Profits for profit sake.

At this point it is irrelevant what the scientists don’t know we must a new creationist strategy to tackle climate change. This change can not be achieved without removing poverty in all its forms along with all our other World problems caused by man’s Greed.

We must stop the privatisation of the planet by Sovereign Wealth Funds, and get capitalism to pay for what we value by placing a World Aid tax on all Stock Exchange transactions world-wide. ( see Previous Blogs)

WE MUST STRIKE A BLOW FORWARD INTO TIME:

15 Tuesday Apr 2014

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I am the first to admit that there are more qualified to comment on Capitalism in the age of Globalization.

But here is what I see.

The age of Globalization and new technologies is profoundly reconfiguring Institutions fundamental to processes of governance and accountability ( for lack of a better words) in our modern States.

If you don’t believe me just look at  Crimea, the Ukraine, Egypt, Syria, Iraq, Iran, Afghanistan, Pakistan, Sudan, Lebanon, Israel, Palestine, Somalia, Algeria,Tunisia, Chad, Burma, and on and on we go all being destabilized.

Why?

Because Economic globalization has transformed the territoriality and sovereignty of the nation-state.

The term Sovereignty, has a long history. From Aristotle to the UN Charter.

Globalization has had a short history as a ruthless corporate-driven extension of commodity production. Solidifying its hold over Institutions, labor, culture, and our very own lives. Now turning into a deadly cycle of terrorism and militarism.

The unbridled capital accumulation of Sovereign Wealth Funds will spread ecological devastation as they recognize no territorial or cultural boundaries.  Devoid of any meaningful social ethics or planning mechanisms they are rapidly becoming the new terror spreading toxic contamination of water, air ,soil, food with global warming with resource depletion, ravaging Nature.

There can no longer be any doubt that their short-term objects of profit for profit sake are in direct conflict with the long-range survival – as human beings – of everyone on Earth.

Representing what I call Corporate colonization they are close if not already totally out of control while the wretched of the earth continue to increase with Poverty turning to Inequality.

I have said in previous blogs that we are incapable of change and that the only way we will affect change is to make greed pay by taxing all Stock Exchange transactions world-wide. We must pay for what we value. The only way to achieve this is for a people’s resolution to reform OUR WORLD ORGANISATION  SUCH AS THE  UNITED NATIONS , THE WORLD BANK, THE IMF ALL NEED REFORM.

  

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Thank you for your response. ✨

Not a day goes by that we don’t hear or read of new technologies of the information age. 

 

 

 

 

 

IF WE WANT IT WE MUST PAY FOR IT.

13 Sunday Apr 2014

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For as long as I can remember I have being hearing FOUR words——

POVERTY
CONSERVATION
EXTINCTION
CORRUPTION

THEY HAVE NOT GONE AWAY, BUT ALL HAVE TAKEN ON EXTRA BAGGAGE AND BECOME ATTACHED TO EACH OTHER.

It is said that poverty is improving with a massive reduction mainly due to economic growth in China and India. $5 to $7 a day. It now being replaced in the middle classes by inequality.

We are told by Climate Change experts that Extinction is getting closer and closer.

Corruption in all its disguises is here to stay.

Conservation: plagued by the above is fighting a losing battle.

But the good news is that there are two new words on the block.

Data.

Privatisation.

The amount of data stored is doubling every eighteen months.

Privatisation. Has little interest in Poverty or Conservation, but has a self-interest in Corruption and Extinction.

So where do we stand?

The title to this blog states the position.

If we who are now connected by all don’t Pay for what we value we have a world not worthy of our technology advances.

We must make a Tree, a Tiger, Air, Water to valuable to be exploited for Profit.

By placing a Tax or World Aid Commission on all Stock Exchange transactions world-wide we can fund the changes needed to pass on a Globe of Beauty.

WE ARE ALL BECOMING INDIFFERENT AND APATHETIC.

06 Sunday Apr 2014

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J'aime beaucoup...

So what if the ice caps are melting no one is going to change their lifestyles because of that.

Apathy is the defining emotion of our times, and ignorance is bliss.

We are all net working, face booking, twittering, flip boarding, you name it till the birds fall out of the sky.

Capitalism inherently is a system of Injustice, Inequality, and War.

The real question however is not the degree to which humanity is screwed but what are we supposed to do with the information.

The idea of global environmental catastrophe is horrifying hard to grasp. The danger is that we will do nothing. We live in a world in which we are all to blame.

Our sense of identity is changing. Who you think you are is changing to who Am I.

Democracy for sure as we know it is being eroded at an alarming rate.

Our private lives are being willingly and unknowable Data processed to become a commodity to sell to the point that we no longer have a collective will to act just incase it upsets the Economy,or our life styles.

We are being collectively bamboozled by overload of choice and information.  WE ARE BEING MANIPULATED.

THE ONLY WAY TO COUNTER THESE TRENDS IS TO GET A COMMON WORLD VOICE BY WAY OF THE SMART PHONES /   I PADS TO PRESSURE WORLD LEADERS WHETHER THEY BE LOCAL POLITICIANS, PRIME MINISTERS, PRESIDENTS, LARGE CORPORATIONS, UNITED NATIONS OR RELIGIOUS LEADERS.

SO JOIN MY MOVEMENT TO GET A PEOPLES RESOLUTION PASSED IN THE UNITED NATIONS FOR REFORM AND THE PLACING OF A 0.007% AID TAX ON ALL WORLD STOCK EXCHANGE TRANSACTIONS.

 

 

 

Human rights are rights inherent to all human beings.

01 Tuesday Apr 2014

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We wake up in the morning and live our own lives.  The life you have being born into.

But why not have an impact on how the future turns out.

So take the first step on to the pages of History and join a movement to get the United Nations to pass a world people resolution to fight inequality by placing a 0.007% world aid tax on all Transactions in all the stock exchanges of the world.

The nineteenth century witnessed the evolution of an international Economic order, which has led to profound change in the balance of the Haves and the Have not’s of to-day.

The next century is well on the way to Privatizing all earths resources.

More than in any time on earth we are interacting. It is not surprising that the divergences of our life styles is causing problems. Around the clock news links us all and our every movement is monitored to see what we are up to.

Data trading to predict what we are up to is going to be big business.  Is big business – Twitter, Facebook, Google It.

Once upon a time before time was invented harmony existed until the Farmer arrived. Grow one for sustenance, two for gain, three for security,four for power, five for status, six for greed and so on.

More and more rich countries are now setting up Sovereign Wealth Funds to exploit for profit sake the resources that belong to all of us. If we turn a blind eye we’re all going to end up buying Bottled water, bottles fresh air, censored knowledge. In other words our right to live our diversified lives.

“Human rights are rights inherent to all human beings, whatever
our nationality, place of residence, sex, national or ethnic origin,
colour, religion, language, or any other status. We are all equally
entitled to our human rights without discrimination. These rights
are all interrelated, interdependent and indivisible.”

These rights are now being commoditized and are on a collision course with everyday life and data collection.

WHETHER YOU HAVE THE GOOD FORTUNE OR NOT ITS YOUR LIFE TO DO WHAT YOU PLEASE WITH IT.

A window is now open with the power of the smartphone, the web, social media, to change the balance of power, to voice our rights, and stop the world turning into one big shopping mall.