Friday, 5 November 2010
Perenomics or Stirenomics Anyone?
For those of you who don't regularly read the Scotland Unspun blog, today's post is certainly one which strikes a chord with me.
Why should taxpayers have to bail out private banks causing economics crises and mayhem? Who's idea was it?
Why should private debts which were lost speculating be compensated by citizens? Given that million are now losing their jobs thanks to institutional fraud in the financial markets I think the public needs an answer!
And who gives the IMF any authority to demand that governments bail out banks? What charter gives them the right?
Trust the Irish to come up with this great idea of putting some of the world's best economic thinkers, together with comedians, in an economics festival. The festival is called Kilkenomics as it is to beheld in Kilkenny (pictured above) next week.
Can we organise such a conference in Scotland? Of course we can. It could be the (Per)enomics or the (Stir)enomics but most likely it would take place in either Edinburgh or Glasgow as they have the greatest populations. I can't see there being a (Dun)enomics, at least not until the V & A building is complete. Knowing the Irish I'm sure they would be delighted to assist us with the organisation.
All joking apart, I think this would be a most interesting way to introduce the subject of economics to all of us who feel it's shrouded in academia and we need answers. Why are we paying the debts of those who took such risks with our money? Why are we allowing ourselves to be abused? That's what these bankers are and have been doing, abusing their customers.
Note for my overseas readers: Per = Perth, Stir = Stirling and Dun = Dundee. But then you all knew that didn't you.