Transforming Finance – priorities for the next Parliament – Tax Research UK
A coalition of 11 civil society groups have published a statement today urging the next government to create a financial system that better serves society, the environment and the wider economy, writes Richard Murphy on Tax Research UK.
The coalition includes Share Action, The Finance Innovation Lab, New Economics Foundation, Positive Money, Move Your Money and Friends of the Earth.
The statement challenges politicians to take action to transform finance, by setting out five fundamental recommendations around more diversity, transparency, responsibility, sustainability and democracy.
This is a summary of what they are calling for, which I support:
To read more, visit Tax Research UK.
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The current financial system is entirely parasitical. It serves no real purpose that the BoE wouldn’t do better on its own.
We should always be wary of groups, think-tanks, academics etc giving us the benefit of their wisdom during an election campaign. Who funds them? Some perhaps by wealthy individuals or companies – what are their other interests? Before accepting their opinions check who they are, are they really independent of politics? Perhaps they are part of a Party’s campaign – as we saw in the Scottish Referendum “academics” were off quoted and then Better Together would comment on said quote. Turned out the academics were ‘Academics Together’ and part of the campaign. They had misrepresented themselves but worse still, no one in the press picked this up. Take the time to check everything you read or hear.
Totally agree…but urging government is unlikely to work considering that… “the leaders of our political parties are not the leaders of our country, they are basically rent boys for the 5 billionaires who decide everything.”… (http://educateinspirechange.org/alternative-news/great-britain-owned-run-5-billionaires/) , and these bastards will not allow change because it suits them just the way it is.
Yes finally, people suggesting that we might just abandon our FIAT money system! (a possibly subtext)
Could we be on our way to a moneyless society? A classless Society?
Madness I hear you say?
How many goats for a cow?
But “There is NO alternative!” I’ve heard that somewhere before…
Change the way money is created, change the world.. http://www.bankofengland.co.uk/publications/Pages/news/2014/051.aspx Since 97% of ALL MONEY, is created by private banks, who then direct where that money goes, they control the economy. Take away the power of money creation and put it into the hands of an open transparent non-political body, hey presto, we get change.
You know Mike, it is very sad. Parliamentarians are not a Government: Or at least they are not supposed to be. They are an Administration and their remit is to administer public assets in the way in which we instruct. They do after all work for us. In theory. The real way forward is social credit if a fair and stable system is desired. This model is being pushed by people like Dick Eastman and seems to be just the ticket.