It is only too often we hear how the Trades Unionists blame 'the Bankers' for the economic problems. They say it was the bankers' "wreckless misuse of investors' money" that brought about the crisis and that they should be held accountable for this. It is interesting how they consistently omit to apportion blame on the policymakers responsible for the provision of easy credit within the financial system.
What they don't tell you is that subprime lending is an invention of governments and not bankers. The creation of Fannie Mae and Freddie Mac guaranteed $1.4 trillion, or 40%, of all
It will be remembered that the workers' unions in pre-war
I will not however engage in puerile comparisons of individuals to famous Nazi leaders in the same way that Ken Livingstone is happy to do. I do not personally believe that Len McCluskey wishes the extermination of 6 million bankers in concentration camps. I do however see this blame culture to arise from an instinct in those who view the 'workers' in a tribal sense in the same way that encouraged the development of anti-Jewish racism in pre-war
The Trades Unionists need to have a little more understanding of the political background to the financial crisis and how their tendency toward hatred and blame mirrors the tribal instincts that led to hatred and racism in Nazi