EVERYTHING UP, BUT SOME THINGS DOWN Thursday, Nov 15 2007
Capitalism and Economics and Life and News and Society and Thoughts 3:37 pm
Situation report on our marvelous global economy – particularly as it applies to Britain.
Petrol prices up. Food costs rising. Home heating bills going crazy. Well, it had to happen, didn’t it? After all, you didn’t really believe the lie about cheap food and fuel forever?
But you did believe it for long enough. Long enough for supermarkets to get their monopoly. Long enough for previously nationalized industries to go private to keep the fat bellies of the super rich.
And of course, wages rose in kind …
… so we all became affluent, and were able to buy our luxurious houses and take out our fat private pensions.
Except those pensions are not as fat as they were supposed to be. And those houses went up, up, up in price and turned you into a wage serf.
But never mind.
The pension and mortgage funds had your money just long enough to make everyone believe the con that new super capitalism was thriving, even though it was bolstered by the inflated mortgage and pension you were buying.
So you’ve got nothing but yourself to blame now that petrol is going up, food is going up, and heating bills are going up ….
Oh … and as house prices are about to come down.
Now that will put us in a whole new negative equity …
© Anthony North, November 2007
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