And what was the use of The Peasants’ Revolt, or the Russian Revolution, the Cuban Revolution, or indeed the iconic French Revolution with its motto ‘Liberté, Egalité, Fraternité’? All of these were brutal reactions to oppression by entitled elites who refused to relax their grasp on their privileged lives.
What we are seeing now, with a wave of populism so sneered at by the privileged elite, is a (so far) less bloody reaction to the oppression of laissez-faire globalized capitalism that has served only to enrich the rich and beggar the poor.
Here in Australia the government propped up the banks during the GFC with A$700 Billion (of tax payers money) in loan guarantees. 9 years on the banking sector is still behaving in the same reckless manner, pumping up the property market with shaky loans, and issuing worthless paper.
House prices are now 10 times the average wage, and household debt is at 189% of disposable income – twice what it was 10 years ago. There are in circulation complex derivatives to a paper value of 12 times the actual value of the total GDP. And the experts, the pundits, wonder why the rise of populism. The lunatics are in charge of the asylum.
And what are our leaders doing about it? Nothing – because almost without exception they have their hands in the till, or their noses in the trough. They are prospering on the back of this bubble. Mike Baird, the former NSW Prime Minister, resigned and within 5 weeks walked into a banking job at a salary in excess of A$2 million, and negotiated a mortgage in excess of A$1 million to buy a house in a swanky suburb. The feeling is that he negotiated this golden parachute before he quit.
The property boom is being driven by speculators using negative gearing to lower their tax burden – and by black money coming in from China and the obscene profits from the ‘Ice’ epidemic that is sweeping Australia.
Donald Trump was right in saying “It’s time to drain the swamp.” No wonder he was elected instead of the criminal Clintons.
And Britain is right to exit the European Union – another club designed to benefit the few at the expense of the many. With the most recent terrorist attack in Paris it is looking likely that Marine Le Pen will become French President and take France out of the EU.
I am no supporter of right wing governments, or fascism – but I understand from history all to well how it comes about. It is the fault of the decadent and narcissistic fools who think they are entitled to rule without reference to the wishes of the common man. Google NARCISSIM and see what I mean.
My 12 odd years of economic imposed exile in the lonely oil camps of the Middle East gave me time think, read many good books, and observe Western so-called civilization from afar with detachment. And the company of the expatriate flotsam and jetsam that washed up in THE GULF for whatever reasons (financial ruin at the hands of banks, unfaithful wives, out of control drugged out teenage children, a weariness of fighting in politicians wars – Vietnam, Buraimi, Dhofar, The Balkans, Afghanistan, Iraq – or just a general sick-to-the-stomach reaction to the consumerist ‘greed-is-good’ and ‘obesity-is-the-norm’ lifestyle in The West) – and exposure to austere Islam – gave me a wealth of material to write my book THE GULF “Reaping the Whirlwind”.
Although it is a work of fiction, it is journalistic because the stories start from real events I witnessed – or were reported to me by reliable sources during my 40 years in and out of The Gulf. It is written from the points of view of those expatriates washed up in the the Arabian/Persian Gulf.
You can preview my book on AMAZON’s Kindle Websites:
www.amazon.com www.amazon.co.uk
and read the comprehensive 5 Star reviews it has received, and download it if you have a Kindle.
If you prefer a real book in your hands, you can preview my book, and order the paperback from my publisher:
thegulfdotcom 