Tuesday, 3 September 2013

I Thought Usury Was A Sin.........



usury


The article, which I urge you to read, talks about 'credit unions' and how they must be allowed to compete with the likes of Wonga, et al., giving credit to assist people in crisis. People should not be in crisis in this country. We stole most of the wealth from other countries when we were an Empire! We were the seat of industrialisation. We're still one of the richest economies in the world. Why shouldn't we all benefit from that? And why is there not some kind of concerted joint effort to combat this growing disaster? Why don't we change the 'mode of production', as Marx would say?

I've been taken by the possibility of Workers' Cooperatives as a means to put the economy back to some form of stability. I'm still exploring the concept as viewed by the likes of Professor Richard Wolff in America and the likes of the authors of  http://www.uk.coop/.If the comment "We're in this together" was designed to convince people en masse that we're all supposed to support each other then why not go all the way? Instead of paying millions of pounds on unsustainable benefits for the unemployed, (the vast majority of whom do want to work!), then why not invest in Workers' Cooperatives? Why not utilise the redundant work spaces left by corporate bodies in their rush to exploit workers in Third World countries and start producing home grown goods?

It's been operating across Europe for some time now. Surely we can save our economy from the clutches of the greedy few and generate wealth for the masses? According to Wolff, if the USA were to reinstate all of their redundant factories and produced home-grown goods, there would be enough profit to end global poverty! I don't know if that's an ambitious claim but I do know that we have the skills and labour-force to generate a sizeable income between us. Then we could get our lives back and live in a true democracy. Not one engendered by the incumbent policy-makers bent on silencing the majority.

Just a thought.....  

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