[DEBATE] : 'Shoot the bankers, nationalise the banks'

[LFC Scally]

No, not the front page of a socialist newspaper but the headline in an op-ed in the FT today by arch Blairite Philip Stephens. The FT is a fascinating read these last few months, what with even Martin Wolf supporting bail-outs and nationalisiations against Schumpter's notions of 'creative destruction', to Samuel Briatin just last Friday arguing for a new era in which we spend more on leisure, are less materialistic (money doesn't buy happiness he tells us) and do not see economic growth as the over-riding social objective.
 
Today Philips ends his column saying 'For the moment, though, I cannot think of a more popular policy than shooting the bankers abd nationalising the banks. Come to think of it, it could also be the way to get us out of this mess'
 
To there eternal shame the Trade Union leaders are not giving a popular expression to what even Stephens gets right-the palpable public anger at banks, bankers & the financial services sector. Indeed, its already seeped into popular culture to get the best laughs out of attacking banks, the City of London & bankers. 
What we have little sigh of yet is a turning of that popular anger into strikes and demonstrations-although I can't help feeling that the very good turnout out, militancy & vibrancy  in the range of impromtu demonstrations across the UK over the last 2 weeks in support of Palestine is, in small part,  related to other issues as well.
 
Peter 
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