If you’d like a laugh there’s always Marx…Karl Marx this time, and the BBC’s ‘of the moment‘ meme:
Anne McElvoy talks to the social theorist Jeremy Rifkin who foresees the gradual decline of capitalism and the rise of a collaborative economy. As new technology enables greater sharing of goods and services, Rifkin argues that it provides a challenge to the market economy. The sociologist Saskia Sassen warns that the majority of people may not enjoy the fruits of this new world as increasing inequality, land evictions and complex financial systems lead to their expulsion from the economy. The Conservative MP Kwasi Kwarteng looks back at the history of international finance and how gold and war have shaped the economic order of today.
Jeremy Rifkind has a great theory…except he has never heard of the garden shed or garage in which individuals create new stuff that takes on the giants of industry….has he never heard of Steve Jobs and Bill Gates? Rifkind’s theory?….Old hat idea using new technology….in other words nothing new to see here.
Saskia Sassen is tr’ffic value…..as dodgy as Delboy at his flypitching best….whatever you throw at her won’t throw her…she’s always got an answer…and it’s usuallly ‘well, what I’m saying may not be happening now…but just you wait…it’s coming….it’s on the curve….I’m right you know’
Kwasi Kwarteng was doing OK, mostly by not saying much, but ran into trouble when blaming 9/11 for the crash in 2008….I thought it was the dastardly Chinese trick of lending us back our money to buy more of their stuff and give them their/our money back which they could then lend to us so we could buy even more of their stuff ……and of course the Hand of Gordon.
Any BBC bias?…probably not other than the choice of subject, the end of Capitalism, which was a theme past its sell by date even in the 1930’s when we heard the same things being predicted, and now only kept alive by the BBC and Occupy (remember them)….I should take a leaf out of Sassen’s book and predict Capitalism may have looked down and out for a bit but it bounces back…check the ‘curve’.
The presenter, Anne McElvoy did do a good job and took issue with most of the ridiculous points…so she was quite busy.
And speaking of BBC journo’s doing their job…there’s this clip of one taking the Labour Shadow Home Affairs Minister, Angela Smith, to task (11:48) for her, what can only be described as, bullshitting….the journo nailed her and saw right through the spin and doubletalk. It should be kept as an example of how to cope with lying, misleading and dissembling politicians….a classic for the College of Journalism.
Three cheers for Victoria Derbyshire!