18 Oct '11, 3pm

Read Tony Greenham's guide to fixing the economy yet? " Financial plutocracy must give way to financial democracy"

Read Tony Greenham's guide to fixing the economy yet? " Financial plutocracy must give way to financial democracy"

Time bought by 2008's bailouts is rapidly running out. By Ilias Bartolini Tweet Originally published at Comment is free . The only surprise about Saturday's occupation of the London Stock Exchange is that it took so long to happen. No doubt the government and banking lobby was hoping that the final report of the Vickers commission last month would draw a line under so-called banker bashing in the UK. As Basil Fawlty might have put it: "I crashed the global economy once, but I think I got away with it." So why won't popular protests go away? Here's why: there has been no public inquiry into the causes of the crash. No calling to account of those who drove the ship on to the rocks. No assertion of the public interest over financial markets. No subordination of banks to the needs of the real economy. No politician who dares face down global finance. No challenging of the defu...

Full article: http://www.neweconomics.org/blog/2011/10/18/the-global-ec...

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