A partial explanation of who or what is broken

August 10, 2011

David Cameron this morning:

“For me the root cause of this mindless selfishness is the same thing I have spoken about for years: it is a complete lack of responsibility in parts of our society.

“People allowed to feel that the world owes them something, that their rights outweigh their responsibilities and that their actions do not have consequences. Well they do have consequences.

“We need to have a clearer code of values and standards that we expect people to live by and stronger penalties if they cross the line.

“Restoring a stronger sense of responsibility across our society in every town in every street in ever estate is something I am determined to do.”

As this post makes clear, it’s not just the people at the bottom who have been filling their boots – in a more tangible way – at the expense of everyone else:

It is not just the ‘under-class’ that has opted out – it is also the uber-class of financiers, directors, derivatives traders, newspaper moguls and others who have decided the ‘normal rules’ don’t apply to them.

Britain has experienced a massive financial crisis brought on by greed and recklessness of epic proportions. No-one has been put on trial, much less gone to jail, for what appear to most honest and dishonest people as grand theft auto-bank. Instead, the banks have been bailed out by the tax payer, their bonuses were reduced, a little, for a while, and then everything returns to business as usual.

The banks have just been found guilty of mis-selling payment protection insurance on a truly gargantuan scale – billions of pounds worth – but is anyone going to prison for this swindle?

I’m not keen on many of the lines being peddled in the Guardian etc about it all being totally understandable in the context of the ping pong budget being cut at the youth club (i think those comments only help the perpetrators reason it away publicly – ‘yeah mate, that’s what it is’) but you can’t escape the fact that in recent years so few have got away with so much with basically no punishment. The message it sends is: get what you can whilst you can get it because rules/society/morals are for pussies and losers.

I suspect whatever proposal to the carnage Dave comes up with will not be targeted at the likes of Rebekah Wade, Bob Diamond et al but in correcting the behaviour of those crimes whose consequences are more easy to see. But only the negligent or myopic engineer would mend one wing of a faulty plane and leave the other; but i suspect that’s all he thinks is necessary and will be suprised when the next crash comes. The question is whether everyone else will have the balls to find a new airline.

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