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Our Answer to Their Crisis
January 12, 2009 by sjohnson
By Steve Johnson — THE international financial system of the
globalised ‘Free Market’ is falling apart. Here in Britain, businesses
are going bust on every high street and industrial estate, dole queues
are getting longer, home values are collapsing and the pound is
becoming worthless against other currencies. The Government and the
two main opposition parties dither and swither, proposing one
desperate scheme after another, whilst everything is falling apart at
their feet.
So what would the British National Party do about it?
Our answer is to introduce nationalist policies passed down to us from
our political forebears, the Distributists such as G.K. Chesterton and
Hilaire Belloc, who first put them forward nearly a hundred years ago.
NATIONALISE THE BANKS:
The Labour Government is frightened of doing this even though they
have already spent vast sums of our money buying up much of the
British banking industry anyway. The bail-out hasn’t made the banks
lend more and dropping interest rates has only hurt savers and
pensioners.
The banks are still private businesses whose bosses’ job is to make a
profit for the City institutions who are their remaining non-
Government shareholders. At low interest rates there is no profit in
lending, so they won’t be doing it.
Printing more money without goods and services to back it up, is a
policy of desperation worthy of Zimbabwe – it will end in runaway
inflation on top of economic slump!
The only way to make the banks put credit back into the economy and
stop bankrupting viable businesses with ruinous renewal terms for the
loans on which the system has made them depend, is to take over the
ownership and control of the banks. One central State bank, which will
do as it is told by the Government and get the economy going again in
a controlled, organised way and keep it that way.
SHUT DOWN THE CITY:
City speculators hoping to make money out of nothing are at the root
of the current crisis. “Financial services” are parasites that
generate no real wealth. The main reason the pound has collapsed
against the euro is that investors are moving their money out of
Britain’s ’service based’ economy and into the currency of economies
like Germany and France that still actually make things. The euro
itself will in time be dragged down because it forces a “one-size-fits-
all” economic policy on economies ranging from rich industrial Germany
to poor agricultural Portugal. What is good for one member country
will ruin others and vice versa.
REBUILD THE REAL ECONOMY:
We must take control of what manufacturing industry that we have left
from the foreign multinationals like Nissan that own it, and turn the
factories into workers co-operatives – see John Lewis in your local
High Street for how well this works! To help re-establish our
traditional industries we must protect them from cheap foreign imports
with high tariff walls. This is how Japan, South Korea and China built
up their industrial might.
LEAVE THE EUROPEAN UNION:
The EU is like a lead weight chained to the ankle of the British
economy, dragging it down to its doom with the rest of the collapsing
Capitalist world. Once we are out of the EU we can protect our own
industries and get rid of the cheap imported labour that is forcing
more and more British workers onto the dole queues.
PUSH FOR MORE SELF SUFFICIENCY:
We need to build a strong, independent and as far as possible self-
sufficient, Britain. A lifeboat able to weather the storms of the
World of which the credit crunch is but the first, and certainly not
the last. British people should not have to suffer because banks in
New York unwisely lent money to people who couldn’t or wouldn’t pay it
back. A country rich in oil, coal, gas and fertile farmland should not
put its people at the mercy of fuel and food prices set by the Chinese
and the Arabs. British workers should work for themselves and their
families, not to earn profits for foreign multinationals and their
shareholders in Chicago and Tokyo.
This is what the British National Party will do to get Britain back to
work and keep it there. Safeguarding Britain so that it is no longer
at the mercy of the global economy as it staggers uncontrolledly from
boom to bust and wrecks our fragile planet in the process.
http://bnp.org.uk/2009/01/our-answer-to-their-crisis/
January 12, 2009 by sjohnson
By Steve Johnson — THE international financial system of the
globalised ‘Free Market’ is falling apart. Here in Britain, businesses
are going bust on every high street and industrial estate, dole queues
are getting longer, home values are collapsing and the pound is
becoming worthless against other currencies. The Government and the
two main opposition parties dither and swither, proposing one
desperate scheme after another, whilst everything is falling apart at
their feet.
So what would the British National Party do about it?
Our answer is to introduce nationalist policies passed down to us from
our political forebears, the Distributists such as G.K. Chesterton and
Hilaire Belloc, who first put them forward nearly a hundred years ago.
NATIONALISE THE BANKS:
The Labour Government is frightened of doing this even though they
have already spent vast sums of our money buying up much of the
British banking industry anyway. The bail-out hasn’t made the banks
lend more and dropping interest rates has only hurt savers and
pensioners.
The banks are still private businesses whose bosses’ job is to make a
profit for the City institutions who are their remaining non-
Government shareholders. At low interest rates there is no profit in
lending, so they won’t be doing it.
Printing more money without goods and services to back it up, is a
policy of desperation worthy of Zimbabwe – it will end in runaway
inflation on top of economic slump!
The only way to make the banks put credit back into the economy and
stop bankrupting viable businesses with ruinous renewal terms for the
loans on which the system has made them depend, is to take over the
ownership and control of the banks. One central State bank, which will
do as it is told by the Government and get the economy going again in
a controlled, organised way and keep it that way.
SHUT DOWN THE CITY:
City speculators hoping to make money out of nothing are at the root
of the current crisis. “Financial services” are parasites that
generate no real wealth. The main reason the pound has collapsed
against the euro is that investors are moving their money out of
Britain’s ’service based’ economy and into the currency of economies
like Germany and France that still actually make things. The euro
itself will in time be dragged down because it forces a “one-size-fits-
all” economic policy on economies ranging from rich industrial Germany
to poor agricultural Portugal. What is good for one member country
will ruin others and vice versa.
REBUILD THE REAL ECONOMY:
We must take control of what manufacturing industry that we have left
from the foreign multinationals like Nissan that own it, and turn the
factories into workers co-operatives – see John Lewis in your local
High Street for how well this works! To help re-establish our
traditional industries we must protect them from cheap foreign imports
with high tariff walls. This is how Japan, South Korea and China built
up their industrial might.
LEAVE THE EUROPEAN UNION:
The EU is like a lead weight chained to the ankle of the British
economy, dragging it down to its doom with the rest of the collapsing
Capitalist world. Once we are out of the EU we can protect our own
industries and get rid of the cheap imported labour that is forcing
more and more British workers onto the dole queues.
PUSH FOR MORE SELF SUFFICIENCY:
We need to build a strong, independent and as far as possible self-
sufficient, Britain. A lifeboat able to weather the storms of the
World of which the credit crunch is but the first, and certainly not
the last. British people should not have to suffer because banks in
New York unwisely lent money to people who couldn’t or wouldn’t pay it
back. A country rich in oil, coal, gas and fertile farmland should not
put its people at the mercy of fuel and food prices set by the Chinese
and the Arabs. British workers should work for themselves and their
families, not to earn profits for foreign multinationals and their
shareholders in Chicago and Tokyo.
This is what the British National Party will do to get Britain back to
work and keep it there. Safeguarding Britain so that it is no longer
at the mercy of the global economy as it staggers uncontrolledly from
boom to bust and wrecks our fragile planet in the process.
http://bnp.org.uk/2009/01/our-answer-to-their-crisis/