Rishi's "Emergency" is Just More Back Door Authoritarianism and How the Markets have Exceeded the Ability of the Population to Pay.

So, here we go again. Mr Furlough wants to declare the Financial Crisis an Emergency and do something about it.

The worst words in politics are when a government says they "Must do Something". Just exactly what can they do to alleviate a global phenomenon exactly?

Do we give up yet more freedoms? Does Rishi want the power to peer into our bank accounts to make sure we're paying the right amount of tax? 

Sort the Tech giants like Amazon, PayPal, eBay and Facebook first. Get them to pay proper tax here in the UK rather than making sweetheart deals.

Does Rishi want to start banning "unnecessary" journeys to save fuel? How do you define "unnecessary" Rishi? Who are you to tell me driving the length of the country to see my mother is unnecessary?

Just exactly what does Rishi have in mind when he declares the emergency?

Yet again we have something that on the face of it sounds good: It's an emergency (which it is in most households) and something has to be done. But what exactly does Rishi propose? 

I don't trust him. He's another WEF-controlled drone. In the mould of Trudeau in Canada. His first instinct is to control the population rather than the corporations. 

I don't trust him.

But then I don't trust Liz Truss either. I fear her instincts are exactly the same. Very much in the Thatcher mould of "it's for your own good", she'll do very much the same and penalise the people rather than crack down on corrupt corporations. 

Because at the end of the day, they are all corrupt. Corporations hand in glove with politics. The very definition of Corporatism. i.e. Fascism.

The real issue is unfettered capitalism. The race to "maximise profits" translates to paying the lowest wages and charging the highest prices. A system that allows people to speculate on the future price of a commodity is a sick system. It allows people to inflate the price of something that may be essential. 

The excesses and issues with futures markets have mainly come about since the introduction of automated trading. When the trading floors were vocal and had humans in the loop, there was a natural brake on excesses. 

Not now. A computer doesn't think "Hand on a minute, should I really be trading at this level, will people be willing or able to pay this much?" Nope, although it may be programmed with limits, most are set excessively broad, because traders want an advantage over competitors. If a competitor sets their limit lower than you, you can still continue trading while they sit still. So over time everyone sets their buy/sell limits at ever wider targets. In the end, the price of commodities skyrockets, beyond what people can reasonably be expected pay for them. 

That way lies madness and ruin.

Which is where we are now. The price of commodities has exceeded the ability of the population to pay for it. Petrol, Diesel, gas and therefore electricity have exceeded sane financial limits.

Global corporations have pushed wages so far downwards and now trading corporations have pushed the price of things so far upwards, there is a huge gap between the two. 

Too much for the market (i.e. the population) to bear.

Welcome to madness and ruin.