THE FALL OF CAPITALISM?

I wonder did anyone else catch the discussion on Today between psychologist Oliver James and historian Dominic Sands just before 9am? James was advocating the need to end the US/UK economic model whilst hailing that of mainland Europe (!) whilst Sands was going along with the entire “end of days” for our consumer society motif. James also urged the return of ” old fashioned manufacturing” with a stunning disregard for contemporary economic and labour realities. This little Saturday morning left-wing love-in was entirely uncontaminated by any alternative form of thinking and so it was that when the events in the financial markets during the past few weeks were favourably compared to the fall of the USSR, there was no-one to demur from such a fatuous comment. All the debate you want to hear – just so long as it conforms to the underlying BBC narrative. How they must miss the USSR?

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33 Responses to THE FALL OF CAPITALISM?

  1. whitewineliberal says:

    you ignore the previous two hours of coverage on today, which did not hold to any supposed bbc narrative. the one thing I thought when I heard the ludicrous james was that you’d focus on it to the detriment of what went before. that slot is always used to as a polemical slot. matthew dancona and john rentoul had it last week.

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  2. Grant says:

    Oliver James has always been a nutcase. You can bet that wahtever he says, the opposite is true.

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  3. whitewineliberal says:

    and if memory serves, didn’t humphries give him rather a hard time?

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  4. Grant says:

    Posted twice, but I only clicked once. Maybe Oliver James has graeter powers than I thought !

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  5. David Vance says:

    Whitewineliberal,

    I assume you heard Justin “the legend” Webb and Nick Robinson hail the Great Leader in an stomach-churning section just after 8.30am? Tractor production is looking good.

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  6. George R says:

    Of course Beeboids are inclined to look kindly on the economic model of the privileged BBC itself: an undemocratic, elite organisation, financed by the citizenry (by legal sanction of the state); an organisation largely free to propagandise its ‘multiculturalism’, with little in the way of penalties for poor performance. They think: why can’t capitalism be more like the BBC.

    ‘Cranmer’:
    [Extract]:
    “But the left-dominated media is instilling into the hearts and minds of the undiscerning majority that the credit crunch is caused by greed, the cause of greed is capitalism, and the causes of capitalism are the evil right wing and the selfish nation state. Thus the only solution is some nebulous third-way ‘multilateral network for a new global economy’, as the President of the World Bank demands.”

    http://archbishop-cranmer.blogspot.com/2008/10/is-credit-crunch-new-bird-flu.html

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  7. whitewineliberal says:

    a parody of the item david. robinson made it clear the party was still stuffed. most of the press said the pm had a good week. the ft called him a collossus, or some such. I don’t necessarily agree, but when you listen to these things unemcumbered by dogma, you can get so much out of them. I suspect sundry medialens types are boiling at what they heard this morning too.

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  8. David Vance says:

    No, a travesty of the notion of impartiality and all we expect from the State Broadcaster.

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  9. GCooper says:

    What WWL fails to address is the absence of items presenting the opposite point of view to James et al. He may like to pretend that the rest of Toady was more balanced, but even if it had been, where are the features espousing a Right wing or libertarian equivalent?

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  10. fewqwer says:

    I listened to the Toady show from 7-8 this morning again as usual.

    Not one single mention of the state of the FTSE again, presumably because they want listeners to think the Dear Leader Jock McSnot has saved the day.

    They reported the falling FTSE every day before Brownstuff’s ‘rescue’, but not since.

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  11. Anonymous says:

    FEWQWER,

    Quite right. The narrative is that Brown’s “bold and “imaginative” rescue is now the global standard and pesky details such as the subsequent plung in the FTSE are deemed irrelevant. Ain’t it grand to have a State Broadcaster prepared to cover your bilion pound tracks? Sickening to the rest of us who fund the deceit.

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  12. whitewineliberal says:

    wrong. wrong. wrong. they said it had lost a fifth of its value.

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  13. whitewineliberal says:

    and the underlying theme of the coverage was the impotence of politicians and the inadequacy of the g5.

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  14. charline says:

    ‘Daily Politics’ was rubbish again.
    Some unknown psycho babbler ‘analysing’ the PM without putting up Draper to rebutt.
    Typical Beeb bias or what?

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  15. Anonymous says:

    usual stomache churning beeboid ‘isn’t the Dear Leader controlling events masterfully’ rubish on the Toady programme this morning.
    Has any interested body or party, assigned a reasercher to catalogue the daily examples of bbc bias ? That would be an exercise that could prove valuable at a later date, in providing the evidence and justifying the case for reform.

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  16. GCooper says:

    The joke about the Daily Politics (as our astroturfer knows only too well) wasn’t the therapist (note, she was not, as some have suggested, a psychiatrist) but the simpering Beeboid at the end, revealing her adoration of McBean.

    Another own-goal for ZaNuLabour!

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  17. George R says:

    It seems as though Sweden is the key model for the BBC ideologues:

    “Sweden: The triumph of Cultural Marxism”

    [Extract, from ‘Fjordman’]:

    “Sweden has been known as a ‘model country’ with an economic system as a third way between capitalism and Socialism, or enlightened Socialism as it has been called. In 2008, the ‘Swedish model’ no longer refers to an economic success story (and the Swedish economy grew rapidly before the welfare state was established), but to a horror story of cultural suicide, Gramscian cultural Marxism, ideological censorship and repression of dissent. Sweden is not unique. Similar trends are evident all over the Western world. But Political Correctness is perhaps unusual in its severity here, in part because Sweden already viewed itself as an ‘ideological state,’ and the country is definitely ahead of the curve in ideological repression. Those of us who still have some love for aspects of what once was traditional Swedish culture can only hope that some of it is still alive and can re-emerge once the current ideological paradigm has disintegrated. The question remains, though, how much will be left of the Swedish nation once we get to that point. What is certain is that rough times are ahead, not just for Sweden but for the entire Western world, as Multiculturalism facilitates the slow disintegration of our societies.” (Fjordman).

    http://www.brusselsjournal.com/node/3582

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  18. Millie Tant says:

    David Vance:

    It is more a case of Just a leg end than “Justin the legend”!

    Just the leg end with the old boot firmly stuck in the swampy lower reaches of journalism.

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  19. adam says:

    Whats happened to Peston. its all Hugh Pimm and Joe Lynam now

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  20. George R says:

    Adam

    ‘What’s happened to Peston?’

    -He’s dyed his hair WHITE (this time), and gone to Washington.

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  21. fewqwer says:

    George R 11.10.08 – 12:24 pm
    Looks like there is an ongoing DOS attack against brusselsjournal.com. I just get a page saying ‘Too many connections’.

    whitewineliberal
    wrong. wrong. wrong. they said it had lost a fifth of its value.

    Yes. Lost a fifth of its value since the start of the crisis. Everybody knows that.

    What most people don’t know is that McBean’s ‘rescue’ package has so far had no effect. I didn’t know either until I checked online, despite listening to the Toady show every day from 7-8. If McBean’s ‘rescue’ had shown any signs of being a success, it would have been headline news across the BBC for days. As well you know.

    I’m surprised you would attempt to deny this. I had thought your comments were in good faith, but now I’m not so sure.

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  22. disillusioned_german says:

    Expect the following headline on the Al NuLab Beeb website a few days before the General Election:

    How Gordon Brown saved the World”

    P.S.: This is not meant as a jest.

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  23. David Vance says:

    Other prospective headlines

    “Brown leads the world”
    “A fourth term inevitable”
    “Trains will also run on time…”

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  24. Martin says:

    How about “Gordon says eating bogies is good for you?”

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  25. GBS says:

    Opinion on the Financial Crisis that you won’t read on Webb’s Blog at the BBC:

    The Congressional Betrayal of America

    http://ruleofreason.blogspot.com/2008/10/congressional-betrayal-of-america.htm

    “If Obama wins the White House in November, then we shall see his brand of socialist nationalism. If McCain wins it, then we shall see his brand of socialist nationalism

    Two sides of the same coin; both believing that the answer to the finnacial problems caused by posion (intervention) is more poison (intervention).

    Here in the UK, it’s a ripe time for new, fresh ideas, but don’t expect them to be reported by the Statist-loving BBC.

    Ironically, the appalling-for-several years Torygraph is starting to light the touchpaper for the dissemination of new politcal/economic ideas that the UK so badly needs:

    What Atlas Shrugged teaches us
    http://blogs.telegraph.co.uk/shane_frith/blog/2008/10/10/financial_crisis_what_atlas_shrugged_teaches_us

    Governments can’t legislate against recessions”
    http://blogs.telegraph.co.uk/daniel_hannan/blog/2008/10/11/governments_cannot_legislate_against_recessions

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  26. whitewineliberal says:

    they are in good faith. today said one fifth this week. and the theme of the coverage was that govt intervention everywhere had failed.

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  27. Jon says:

    The left just don’t understand capatalism – without it Gordon Brown would be sunk – who would he tax? – where could he get the rich Labour doners from?

    It is because of capatalism that people are better off. How can a country survive without commerce? Where is the insentive for people to take risks? The BBC certainly don’t take risks they don’t have to – they will get there money regardless.

    “Far from celebrating Che Guevara – a human rights violator who put gay students in prison, removed fair trials in the pursuit of revolutionary justice, and was responsible for the murder of an estimated 14,000 of his countrymen – those young people wanting to be the true inheritors of the 1960s ought to be celebrating that true advocate of freedom, Margaret Thatcher.”
    http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/09/do0906.xml

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  28. George R says:

    fewqwer 2:41 pm

    Thaanks for info. ‘Brussels Journal’ available again now, along with Fjordman’s critique of:

    “Sweden: The Triumph of Cultural Marxism”

    http://www.brusselsjournal.com/node/3582

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  29. dave s says:

    The whole tenor of the BBC’s response to this extraordinary crisis is to look to the state and those that purport to be in control of the state to ” save us”.
    In this it is little different from the rest of the media.
    Thus the pressure is on to “have a plan” and “do something”
    I expect the events coming will prove this to be an absolute delusion.
    What has caused this crisis is unclear but I doubt if it is just a crisis of capitalism or caused by anything we at present can comprehend
    We will when it is over and then our world will be different.
    There is no real way of predicting what will happen next week.
    Perhaps, and this is only a thought, we actually are willing this to happen so that we may simplify what has become an overcomplicated and unsatisfactory way of living.
    By destroying a financial system nobody understands or can control we may regain some control over our own lives.
    Communism and it’s statist offspring will never offer us an answer.

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  30. Peter says:

    Sorry,it wasn’t rampant capitalist greed,it was a failure of the Regulations “mark to market” from the Basal II Accord and issued by an EU Directive.Brown – no smarts,just obeying orders.
    The Americans are lucky they can kill it,we,because the economy is an EU competence will have to wait until April next year

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  31. JohnW says:

    Working overseas, I use the BBC iPlayer website to access some radio programmes online. Needless to say, despite all the money lavished on this snazzy new iPlayer technology, it’s no better than the old site. In fact, while the new site has lots of flashy graphics, it’s slower and the content and functionality is actually worse than before (does this sound vaguely familiar? NHS? Schools….)

    As a result of this reduced performance, and having received no adequate answers to my problems from FAQ (the online equivalent of the ubiquitous answering machine recorded messages you get nowadays), I signed onto the Message Board to see if any other users had encountered the same issues. Trawling down the titles, my attention was drawn to this cracker: “No Leftist Opinions on the BBC on the Credit Crunch” Yes, folks – someone had really written in complaining that the BBC was voicing a too-capitalist line in rationalising the reasons for the credit crunch!

    Further comment is superfluous.

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  32. George R says:

    Anyway, Labour’s unelected Mandelson is laughing all the way to Brown’s Cabinet:

    “Mandelson to pocket £1m Brussels pay off”

    http://www.guardian.co.uk/politics/2008/oct/12/mandelson-labour

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  33. George R says:

    BBC and capitalism:

    “Strike threat over surplus in BBC pension fund”

    http://www.guardian.co.uk/media/2008/jul/10/bbc.tradeunions

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