Since Corbyn’s policies are generally popular, they are a direct threat to the elite consensus, and three stand out in foreign policy. First, the idea of holding Blair to account under international law for invading Iraq will strike terror into the minds of the Foreign Office and Ministry of Offence. These people reserve the right to bomb the gyppos every once in a while and they are not going to accept the idea of being held to account for this.
‘All of the media, left, all the way to the right side of the spectrum, have been marching in lock-step with their attacks on Corbyn. Even the Guardian…ranging from smear pieces to guilt by association; it’s been awful to see.’
All of us here at BSNews would like to heartily congratulate Jeremy Corbyn on his election as Labour Party Leader
The capitalist class regards us all as nothing more than thieving scroungers, ever ready to skive if we are given half a chance. And it is not the payment of benefits that really irks the rich – it is the refusal to put our human capital – our minds and bodies – into their service that enrages them. How dare we not work to fatten their wallets.
By the time politicians reach Westminster, they do not need to be recruited to a cabal. They have simply proven over a long period that they have a strong ideological fit with the institutions that govern us. If not, their careers would have stalled much earlier, in the lower rungs of these institutions, or they would have “dropped out”. The same processes select those who fill top posts in the media and other influential “professions”.
Challenges to these debts cannot be based on appeals to the letter of the law alone when the laws are biased in favor of creditors. There is, however, a legal principle for challenging otherwise legal debts: the principle of “odious debt.” Originally signifying debt incurred on behalf of a nation by its leaders that does not actually benefit the nation, the concept can be extended into a powerful tool for systemic change.
If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. . . . It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People.
Above all else, what has been proved by the bitter experience made by Greek workers with Syriza is that it is impossible to defend anything—jobs, wages, essential social services—without breaking the stranglehold of the financial oligarchy over economic and political life. It demands the independent political mobilisation of the working class against the major corporations and banks and their government.
The ideas and vision that Jeremy Corbyn represents, for so long buried beneath a ton weight of Thatcherite ideology, have risen from their slumber and are now part of the mainstream political discourse again, breathed new life by thousands of young people who demand a real and humane alternative to the thin gruel that passes for reality today.
People’s quantitative easing is instead a highly directed process where the debt that is repurchased has been deliberately created and issued either by a green investment bank or by local authorities, health trusts and other such agencies for the specific purpose of funding new investment in the economy at the time when big business and financial markets are completely failing to deliver the scale of investment that is needed to get the UK working again and to restore our financial prosperity.
Like some mysterious figure who suddenly arrives in a Hollywood Western film, Jeremy has turned up in the wind-blown, parched town and taken on the oppressors. I am sure his bold initiative will be rewarded. Indeed, in the growth of a more confident left, it already has.
Like Blair and the rest of the establishment, the Guardian and other corporate media claim their motivation is to preserve Labour’s electability, rather than to attack any and all politics that stray off the ‘centrist’, ‘modernising’ path. In reality, it could hardly be more obvious that this collection of profit-seeking, corporate enterprises – grandly and laughably proclaiming themselves ‘the free press’ – is opposing a threat to their private and class interests.
