Uncompromising Groups and the Rich and Poor Divide – Europe.
The former head of the Commission for Racial Equality, he was appointed chair of the £70m a year super-quango when it was launched two years ago to bring together equality bodies for gender, race and disability discrimination, as well as sexuality, age, religion and human rights.
Critics said it was impossible to reconcile so many uncompromising interest groups, with the equality minister Harriet Harman recently admitting everything had been put "into one melting pot". http://www.guardian.co.uk/uk/2009/sep/04/equality-watchdog-problems-trevor-phillips
Keynes is rejected. (throw money at the poor, pay off their mortgages: do whatever it takes – they will spend it, i.e., $1 given = $1.60 to the real economy. The middle class will save it, and if it is spent on the Bankers, it is, and has been, totally wasted – except, maybe – to keep them open from day to day! Money that is spent on Government (middle class) – they will mostly make up, so many more, very silly, and ghastly repressive rules. Vs the ‘Weimar’.
"Today that is disturbingly similar to what triggered the 1923 hyperinflation. As in Weimar Germany, money creation in the U.S. is now being undertaken by a privately-owned central bank, the Federal Reserve; and it is largely being done to settle speculative bets on the books of private banks, without producing anything of value to the economy. As gold investor James Sinclair warned nearly two years ago:"
“[T]he real problem is a trembling $20 trillion mountain of over the counter credit and default derivatives. Think deeply about the Weimar Republic case study because every day it looks more and more like a repeat in cause and effect . . . .”9