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OUR DISGRACEFUL FINANCE SECTOR

By Peter Dombi; cross-posted from Our Broken System
 
People would have been shocked today to hear of yet another scandal involving our beloved banks*. Apparently they’ve now been caught fixing foreign exchange rates, and fines totalling £2bn are being handed out to all the usual suspects including HSBC, Barclays, Royal Bank of Scotland (being[…]

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WE FIGHT FOR DEMOCRACY – THEY DEFEND FREE MARKET CAPITALISM

By Peter Dombi; cross-posted from Our Broken System
 
Yesterday a post was made on the website of the Centre for Policy Studies*, a right-wing think-tank that was set-up by Keith Joseph in 1974 to promote ‘Economic Liberalism’ – now more frequently called neo-Liberalism or Free Market Capitalism. Also counting Margaret Thatcher as one of[…]

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THE LABOUR PARTY IS COMPROMISED

By Peter Dombi; cross-posted from Our Broken System
Many people will be aware of the corrupting influence that the private funding of political parties has on our democratic process. The Tory Party gets most of its funding from big business (and over half its funding from the City of London) so it’s no surprise they[…]

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SCOTTISH INDEPENDENCE

By Peter Dombi; cross-posted from Our Broken System
 
Though there are undoubtedly many bitterly disappointed people at the outcome of last night’s referendum on Scottish Independence, I personally am nowhere near so negative, and in many ways think that how things have turned out may actually have been the best possible result for those[…]

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AUSTERITY AFFECTS LAW AND ORDER

By Peter Dombi; cross-posted from Our Broken System
 
The inevitable consequence of Free Market Capitalism is that society becomes ever-more unequal, as the wealth gap between those at the top and those at the bottom gets larger and larger. This happens directly (with salaries diverging, and wealthy people using their assets to generate yet[…]

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The Systematic Destruction of our Public Services

By Peter Dombi
 
The mainstream media have so far been paying scant attention to a strike in the NHS which has been going on for 7 weeks now, making it one of the longest NHS strikes ever*. However this strike is at the centre of the ideological battle around the policy of privatisating NHS[…]

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Banking – The Corrupt Core of a Rotten System

By Peter Dombi
 
Yesterday it was announced that Lloyds Bank was being fined £218m for fiddling interest rates in order to manipulate the market for its own benefit*. The particularly shocking thing about this incident – the latest in a long line of corrupt practices by the banks – is that the offence happened[…]

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Multinational Corporations Threaten Democracy

Cross-posted from Peter Dombi’s website Our Broken System
 
We like to think that we live in a democratic society, where the laws and conditions that we live under are set by the government, which is in turn elected by us. The reality of course is that we live under a corrupted system, which is[…]

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The Injustice of Free Market Capitalism

Cross-posted from Peter Dombi’s website Our Broken System
 
This year there has been a flurry of excitement with the release of the book Capital in the Twenty-First Century, written by the French economist Thomas Piketty . In it Piketty explains how the inevitable result of Free Market Capitalism is ever-greater levels of inequality in[…]

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