Wednesday 31 December 2008

Destroying capitalism one bank at a time

Who knew?

All these years, the people who have been working in the background to destroy the capitalist system turn out not to be tree hugging environmentalists, bearded anarchists or deadly terrorists but bankers and their friends.

What I find amazing is that nobody appears to have gone to prison yet as a result.

In the UK, if you are sufficiently deficient in your management of a company, you can be banned from being a director.  But run a major bank into the ground and it seems that you don't even get fired.  Amazing.