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236 Years ago America said goodbye to Europe, in 2012 it said hello again!
The Gift of Universal Healthcare
That is the political gift that will keep on giving – and along with saved lives, better health and lower costs for millions of American, the greatest potential legacy of the Supreme Court's decision.
“Three days from today the United States will celebrate the 236th anniversary of its decision to bid farewell to the country's European masters. How ironic that this year's version of American Independence Day comes less than a week after the US Supreme Court ensured that America would finally join Europe in providing access to healthcare coverage for its citizens.
While the event is a momentous one for America – and in particular for the tens of millions of its citizens who lack health insurance – the event is more reason for introspection than an excuse to pop champagne corks. After all, it took this long to do what almost every other developed country did long ago – and it was only one conservative jurist vote away from being tossed into the ash heap of legislative history. But better late than never; and considering that every year an estimated 45,000 Americans die because they lack health insurance, those words have a particularly poignant resonance.
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Please note: if you have not read my earlier Blog (Whatever Happened to Moral Compass? Britain engulfed in corruption) please do so before proceeding to read this one.
http://gcgi.info/kamrans-blog/210-whatever-happened-to-moral-compass-britain-engulfed-in-corruption-
In wooing French tax exiles, Cameron makes a mockery of democracy
David Cameron seems to want to turn the UK into a haven for tax avoiders. At least we now know where we stand
"If the French go ahead with a 75% top rate of tax we will roll out the red carpet and welcome more French businesses to Britain and they will pay taxes in Britain and that will pay for our health service, and our schools and everything else."
But hang on a minute. His chancellor said in March, "I regard tax evasion and indeed aggressive tax avoidance as morally repugnant". What's more, Osborne pronounced himself "shocked" at the amount of tax avoidance in the UK. And yet, here's his boss saying the door's open to all and sundry French tax avoiders who want to set up camp in the UK…
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Photo: Times Higher Education
Don’t Let Them to Tell us They Were Not Warned!
Learning from history: Banks, Bankers, Greed, Moral Compass, and Trust
“Those who cannot remember the past are condemned to repeat it”
Continuing on my Blog (Welcome to British Justice and Market Economy! Thursday 28 June 2012) reflecting on the latest scandals at the Barclays bank, I now wish to reflect and highlight a few further important and relevant points.
Today (Friday 29 June 2012), many, including Sir Mervyn King, governor of the Bank of England, and Lord Turner, chairman of the Financial Services Authority, have strongly condemned the banks and the bankers’ behaviour.
“There's something very wrong with the UK banking industry and we need to put it right”. "It is time to do something about the banking system", "It goes to the culture and the structure of banks – the excessive compensation, the shoddy treatment of customers, the deceitful manipulation of a key interest rate, and today news of yet another mis-selling scandal", the governor said; whilst Lord Turner remarked that there was a "culture of cynicism and greed that is quite shocking." (The Guardian, Friday 29 June 2012)
I am pleased to hear these comments, even though I strongly believe that they should have spoken much earlier. However, I also believe that, if they sincerely mean what they have said, then, perhaps this is a good beginning.
However, in the interest of justice, it should be noted that the scandals engulfing the whole aspects of public life in the UK are a symptom of a much bigger dysfunctional financial and banking sector, one that is staunchly upheld by the British establishment; many of them have their heads firmly below the parapet.
Lest we forget, let us recall a few of the bigger scandals, engulfing the nation, bringing the country down to its knees:
MPs expenses,
Financial crisis, banks and the bankers,
The bonuses,
Politicians/Police and the Murdoch Media Empire,
Phone hacking,
Donations to political parties/Lobbyists,
Tax avoidance/evasion,
And now, my message to the establishment:
You, “honourable” men and women of the British financial and political establishment, you could have saved your current embarrassment, and save the country from falling to its nadir of decadence, if you had shown wisdom and had acted wisely to address greed, corruption, excessive bonuses, deceitful manipulation, and more, when the alarm bells began to ring all those years ago in the early 2000s.
Many people, with an eye on justice and truth, were writing about what was going on. But it seems in the interest of the City of London becoming the centre of global banking and financial sector, you, “honourable” people decided not to listen to the wise counsels.
As an example of what was written and the warnings given, let me quote a passage from a short booklet I wrote in 2003. At the time I was greatly disturbed by the rise of corruption and wrong doings in the US. I was also concerned that the apologists for the British establishment were saying that: it cannot happen here, we are so ethical and trustworthy, with unenviable good governance, etc. What lies they have proved to be.
Let me recall the gist of what I had written:
…“Recent scandals involving multinational corporations such as Enron, WorldCom, Xerox, Tyco, Dynergy, Arthur Andersen, Global Crossing, Adelphia, ImClone and AOL, to name but a few from a long list, have sunk the world of big business to a new level of disgraceful recklessness and irresponsibility.
Of course the fall from grace of top businesses, through fraud and false accounting, is not only an American disease. It occurs in all parts of the world. According to Detective Superintendent Ken Farrow, head of the City of London Fraud Squad, corporate fraud in the UK is becoming a real concern. He conservatively estimates it at £14 billion a year. However, as many British firms are reluctant to report fraud, especially when perpetrated by insiders, it is difficult to quantify the problem. Recent research by the Risk Advisory Group suggests that the first instinct of British companies is to cover up internal scams to avoid bad publicity.
They found that senior executives were involved in nearly three-quarters of frauds worth in excess of £1 million. The secrecy surrounding British corporate irresponsibility makes it difficult to accept the view that what happened in the US could never happen in Britain.
Many books have already been written on why such scandals took place, on what went wrong. They all agree on the role of one vital element: dishonesty fuelled by greed. We forget at our own peril that honesty and greed are essentially spiritual and moral issues.
The greed-motivated neo-liberal world is spinning out of control. Perhaps it is time for us to redefine our values”…I rest my case.
Read more:
Business Ethics, Corporate Social Responsibility and Globalisation for the Common Good
The Barclays scandal, Bob Diamond, the Riots, and the Rioters: Where is Justice?
Whatever Happened to the Moral Compass? Britain engulfed in corruption