When banks were given impunity and protection for past economic crimes, wielding power over SMEs and redressing their balances with the assets and livelihoods of their customers became systemic. This is buttressed by the conduct authorities and government officials, whose will not to interfere with the practices of banks, outweighs their will to protect the businesses at their mercy.
The wider question for our economy is understanding what does ‘pro business’ actually mean? It seems we have developed our language and economy around the massaging of bank power. While government has fiercely protected the deregulation of these huge financial institutions in the name of the economy and jobs, it has allowed them to systemically crush SMEs – who again, provide 80-90% of all employment in the EU and are the lifeblood of the economy.
Yet, even in the supposed recognition of systemic crimes, we are given terms to downplay the extent of their corruption. For us, for benefit claimants, for conmen, the allegations are fraud – against the taxpayer or a victim. For banks, corrupt systemic practices are ‘mis-selling’ – a guise of a mistake for what are the largest examples of fraud against the public, the taxpayer and the government. The protection racket extends to our own words.
Clive May was dismissed, ignored, overlooked and refuted for at least 4 years under the weight of RBS, legal firms, conduct authorities and government officials, before his case lead to the admittance of ‘mis-selling’ which in itself demonstrates the real forces being protected under the ‘pro-business’ mantra, by the legal and governmental figures who are meant to protect us. While the GRG has been shutdown, and May awaits the results of EFG reviews, he is well aware the fight for a just outcome is still ahead.
Join the Vox Political Facebook page.
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Buy Vox Political books so we can continue
fighting for the facts.
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here: