A RECESSION or an EXCUSE to cloak a Governments irresponsibility?
History holds a key in that respect and when one views the “slope” down which all have slid one must question whom constructed the slide. Firstly let me reconstruct old British views as to thought and methodology as to events which have occurred so lets begin with Energy in 1946 when the Atomic Energy Research Establishment [ AERE ] was founded. Since that time many Nuclear Reactors have been built and commissioned which lead to the 1957 Windscale Reactor Fire causing upwards of some 200 cases of cancer and some 11 tonnes of Uranium burning as a result contaminating the Countryside. On the 18th November 1959 The Atomic Energy Authority Bill was read for the second time by Sir David Eccles, the then Education Minister. He announcing that the Authority split its Industrial Group into two. This puzzled Mr Anthony Greenwood [ Rossendale ] as to why a Minister for Education was intruding such a bill and leaving little time to debate it. The last debate of substance being in 1954 and following a report sanctioned in 1957 it advised that the Authority not divide, however from 1st July 1958 the Authority divided. Mr Austin Albu [ Edmonton ] then voiced his concern that 90% of the money comes from the Tax Payers and needed more Parliamentary questions on its Policy however goes on to say, regarding the Isotope Division, that the growth of Treasury Control would appear to be beginning to stifle the essential fundamental research work of the Division – perhaps a too early attempt to make that Division a commercial and paying position. His opinion being that there exists great anxiety in that the Treasury and the Accountants are frustrating the efforts of scientists in which a large number of Department Heads had left the Authority through such frustrations!.
Lets now visit 1986 – A time when the London Stock Market was both computerized and deregulated by M Thatcher thus opening up Trade Markets from West to the East in London being central “clockwise”!. At this time the Financial Institutions and their Accountants bought out much of everything going from the pickings of British Industry and other domains before repackaging them into licence agreements chasing offshore cheaper Labour Markets for more profitability. In Britain the Gov viewed PRIVATISATION as the new way forward in selling off Industry and segmenting Public Service “systems” while also introducing regulators to act as “sticking plasters” [interfaces] in keeping it all connected “like” systems. Long standing British Rail and others followed this path and “choice” being good for the Public [ So Mr Blair announced ] we have competition whereby Electric Companies send gas down electric cables and Gas companies send current down pipes all for greater competition. In becoming Privatised they became self financing offering pricing structures enhancing a need for constant public change as to provider while affording the Gov a chair in which to sit and simply observe “others accountability” in now acting on its behalf while accepting Tax Payer revenue.
Given the flux of financial change in buy-outs and mergers few people now know whom they are really dealing with behind Shop Frontages that never seem to change and Gov renaming as to Departments which are also in a state of flux to which few are accountable.
Now lets return to the end of 2002 in which Britains Privatised Energy Industry is on the verge of collapse – effectively going BUST!. British Energy only operates because of Gov emergency loans. UK COAL has halted supplies of coal to AEA Drax because of unpaid bills and the U.S Corporation AES now owns it!. The crises in the Energy Industry follows the Collapse and Gov Bailout of the Privatised Railway Infrastructure company, Railtrack, the partially privatised National Air Traffic Control Services and several other Major infrastructure Projects under the New Labour Gov’s Private Finance Initiative/Public Private Partnership Policy. Four weeks ago British Energy collapsed as share prices fell to 5p needing the Dept of Trade and Industry to provide emergency funding totalling some £650million. Britains Nuclear Power Programme has been nothing short of a Political Conspiracy against the working classes from its very inception – the origins lying in 1955 to build them. With planning and Technical Problems they were far behind schedule and over budget needing in excess of £50bn. While always uneconimic the costs were deliberatly hidden from Public Scrutiny and Parliamentary and official enquiries were systemmatically mislead for decades about the finances of the Industry. In 1996 the Tory Gov repackaged British Energy hiving off the Magnox Power Stations to the State owned BNFL for only £1.5bn following low share prices. Electricity being problematic GAS then became the must have commodity leading Directors to become synonymous with greed and being “fat cats” in the eyes of the British Public. In May 2001 New Labour Regulator Ofgem [ for gas & Electricity ] came into being causing prices to fall while the New Electricity Trading Arrangements [ NETA ] reduced electricity to below production prices.
What NOW is the Government to do having GIVEN others its responsibilities as to the needs of the General Public while shareholders and creditors knowing know that they must be given a financial lifeline else essential Services in the Publics domain will collapse?.
What NOW is the Government to do having being lead down the path of computerization as to Money Markets and People Security given that little understanding as to their inadequacies were initially realized?. Its all very well for the Gov to lose millions of database records containing Bank Details on discs and computer sticks but that begs the question as to how much data has been lost by their in-house digital systems too!.
The question that everyone must now ask, given history - is the recession of others making or inadequacies as to oneself in not realizing that Gravity would eventually come into play as regard debts, in constructing an ever taller slide supported by profits through none accountability?.
If you cannot see then I shouldn’t either but being me I do unlike those whom cannot in being far too busy watching share prices and keeping tabs on their deposits!.