I used to think Margaret Thatcher would be remembered for the sick little conflict in the Falkland Islands and the complete betrayal of the ’working;’classes’ by someone from the working classes. (I am not sure I know what Regan would have been remembered for.) Now, as I view an entire generation of people around the world wiped off the financial map, and the bankers getting away with more financial ruin than a communist ever dreamed could be created, I see she will be remembered as the mother of this crisis.
I have often said that money is just a system that has no ethics unless we put them into it and my spin on that is that we should learn to live without it and become sophisticated enough to still build nations. Since I know that people are too addicted to money to ever do without it I realise that the next best thing to do is regulate human greed. I know capitalism feeds on greed and calls it self-expression and getting-on but in actual fact if you don’t legislate those governing the money supply will betray everyone else, and do so arguing that anyone in their position would do the same.
Legislation is the only ethical rule-book we have and deregulation will always end in fraud. Human beings brought up to worship money, don’t have anywhere else to go.