Why are anarchists targeting HSBC?

Ilya_Ilyich

Wookster wrote: »

Because they are bl00dy idiots.

It seems that no matter how logical a case you put forward some people don't realise that private enterprise creates wealth and jobs (where as the public sector does not) and that excessive borrowing is extremely damaging, be it to private enterprise or the public purse.

Every time I hear a union leader (or either of the Eds) speak I am reminded how divorced from reality they are.

The public sector can create jobs a lot more easily than the private sector. Is there a lack of wealth in the country? Why do we need to create more? That "excessive borrowing" is bad is a meaningless tautology.

HAMISH_MCTAVISH

Ilya_Ilyich wrote: »

The public sector can create jobs a lot more easily than the private sector.

Yes, but do we really need more one legged lesbian outreach workers, five a day coordinators, and bouncy castle attendants?

More seriously, how do you think the useful public sector jobs are paid for?

Is there a lack of wealth in the country? Why do we need to create more?

Seriously?

That "excessive borrowing" is bad is a meaningless tautology.

Well at least we agree on that.

lostinrates

I'm just watching some footage now. As some one who is very pro- protests I've felt ashamed of what some of us do with our liberty.

Errata

So the TUC were going to marshal the protest? Obviously couldn't run a drink up in a brewery. Or didn't care to.

ess0two

The Ammonia filled light bulbs must really clear the nostrils when they go off.

Wookster

Ilya_Ilyich wrote: »

The public sector can create jobs a lot more easily than the private sector.

Who's paying for those jobs?

MegaMiniMouse

whatyadoinsucka wrote: »

got to disagree hsbc never went barmy in the acquisitions market that rbs et al did. They always had good systems and affordability calculators built into lending, whereas other banks would lend to the first person in through the door

Yes, but in the absence of proper government regulation, the banks had it in their power to self-regulate - you can be sure that all the banks knew what was going on, but none of them took steps to prevent the meltdown - the reason can only be that they all knew that they were immune from normal market rules, and that the government would have no choice but to bail them out

Any bank failure should be allowed to threaten the security of any other bank, just as any airline failure (for example) will throw the prospects of all airlines into doubt

MMM

the general problem was nothing to do with 'acquisitions', it was to do with mortgages

grimsalve

I think the United Nations should impose a no-fly zone over London to protect the protestors.

Viper_7

Nothing stopping HSBC and the like leaving the UK and in doing so they will increase the job seekers totals.

They may be using the loop holes to avoid paying tax - but they contribute it employment, and those people pay tax rather than being on benefits.

For some reason successful British companies are belittled and are all "evil" and must be punished.

We hardly make anything any more, next we won't be a finance house, the result will be lots of little tea-shops and charity shops and public sector jobs - sadly no-one will have anything to spend, and no-one will wish to visit this pathetic little island - so no need for public sector jobs.

We need large successful companies.

Errata

Water cannons would seem to be a sensible solution. Nobody gets hurt, just very wet.