Since the 2008/9 financial crisis I’ve observed massive changes for this Country (UK). They are all bad.
I’m fed up of seeing fire stations converted to gyms or bars.
Tired of another police station closing every week.
Sad when another council service is axed.
Angry when the news mentions the ‘failings’ of most areas of our NHS.
It seems when these things are mentioned on news channels they ask what the NHS, the fire service, police or councils are doing and why they feel the need to make these changes and cuts, they hardly ever seem to go back to the actual cause of the issues in the first place, there is always only one single reason. Money.
Why are all the people who had nothing to do with the reason for there suddenly being no money available being punished and the very people and organisations directly responsible for the crisis being rewarded and allowed to carry on doing exactly what caused the crisis? See where i’m going here?
There used to be a police station and small magistrates court in my town, it closed a few years ago, the magistrates court disappeared all together and the police station merged/moved with another one about 10 miles away, a couple of years after that police station also closed. Now my nearest police station is 15 miles away. This situation has been repeated hundreds YES HUNDREDS of times across the country. Oh crime figures are rising you say? Hhmmm I wonder why.
There was a police federation conference recently, the home secretary was there to ‘answer’ police officers concerns. During the conference hundreds of police officers were given the opportunity to speak and/or ask questions. Every single one of them told the home secretary that they were in desperate need of more officers, more resources, better equipment, more community policing, less bureaucracy and more police stations. The home secretary insisted they were getting more money ‘in real terms’. You could see the exasperation on all of their faces, they knew from experience and doing the job every day that it was a lie.
To date not a single UK banking figure has been prosecuted for any wrong doing, not one.
Iceland as with the rest of the world had a banking crisis, it had 3 major banks, Kaupthing, Glitnir and Landsbankinn, the government let them all fail, they refused to help. They put the banking bosses on trial and jailed them, they even put the ex-prime minister on trial.
Their stock market crashed, people lost their investments, business went bankrupt. The government did help though, it helped the people not the banks. They set up a system where citizens in trouble because of the banks failings could get their debts wiped out. The government created their own bank!
Guess what, Iceland still exists and is doing quite well. Because the government didn’t borrow billions to help the banks they did not have to cut every service known to man, they still have the well run country they had before the crisis. What they don’t have are the same corrupt fucks running the financial institutions of their country, there is also an understanding that if any banks try the same shit in the future they would be held responsible.
The financial crisis had a serious negative impact on the Icelandic economy. The national currency fell sharply in value, foreign currency transactions were virtually suspended for weeks, and the market capitalisation of the Icelandic stock exchange fell by more than 90%. As a result of the crisis, Iceland underwent a severe economic depression; the country’s gross domestic product dropped by 10% in real terms between the third quarter of 2007 and the third quarter of 2010. A new era with positive GDP growth started in 2011, and has helped foster a gradually declining trend for the unemployment rate. The government budget deficit has declined from 9.7% of GDP in 2009 and 2010 to 0.2% of GDP in 2014; the central government gross debt-to-GDP ratio is expected to decline to less than 60% in 2018 from a maximum of 85% in 2011.
The UK government should have let the banks fail.
Yes for 2 or 3 years it would have been a rough for some of the people but the people who would have suffered most would have been the wealthy not the average citizen. When all essential and non essential services are stopped or cut then everyone suffers, not just a few and the suffering will carry on for at least a generation instead of just a few years. We would still have all of our police stations, hospitals, doctors surgeries, fire stations, leisure centres, mental health support, street cleaners, ambulances, social services, elderly day centres, council art collections, historic buildings, disabled support, nurses, drug rehabs, well maintained roads and all of the thousands of other services and amenities that we have lost.