Another Scouser stuck it on Billy Moore, who goes around filming people:
"I'm all for Palestine, I'm all for immigration. Fuck these rats, they're full of shit. These don't represent Liverpool. Unity is key. If you want to take it on, you go against the police, you go against the establishment, not our own fucking kind who are born in this country. This is a steroid-abusing dickhead."
Two small island economies blew up in 2008. Iceland and Ireland. Their names differ by one letter, and their handling of the crisis differed by everything that matters.
Iceland's three big banks, Kaupthing, Landsbanki, and Glitnir, had grown assets to roughly ten times the country's GDP by 2008. Pure credit-fueled madness. When the music stopped, the Icelandic government did the unthinkable: it let them fail. Bondholders ate the losses. The state refused to socialize private bank debt onto 320,000 citizens who never signed up for it. Capital controls went up, the króna collapsed, and the politicians actually prosecuted bankers. Twenty-six of them went to prison. Sigurður Einarsson and Hreiðar Már Sigurðsson, the men who ran Kaupthing, served real sentences.
Ireland took the opposite road. In September 2008, the Irish government issued a blanket guarantee covering the liabilities of its major banks, including Anglo Irish Bank, a property-lending casino that should have been allowed to die in peace. The taxpayer absorbed the bill. By the time the rescue ended, Ireland had poured around 64 billion euros into its banks, roughly 40 percent of GDP. The state took on private gambling debts, then went to the Troika in 2010 hat in hand for an 85 billion euro bailout, and accepted years of austerity to pay for losses it had no business owning.
Both economies recovered. Both eventually grew again. The difference is who paid and who learned. Iceland made creditors and reckless bankers bear the consequences of their own decisions, which is the entire point of capitalism: profit and loss, not profit and bailout. Ireland protected the people who made the bad bets and handed the invoice to schoolteachers and shopkeepers.
You will hear economists call Ireland's GDP rebound a triumph (much of that "growth" is multinational accounting fiction, Leprechaun economics, but that's another lesson). What they skip is the moral architecture. When you guarantee bank liabilities, you abolish the discipline that makes markets work. You tell every banker in the country that downside is optional.
Iceland jailed its bankers. Ireland reimbursed theirs.
This is barbaric. They were not permitted to explain to the jury why they carried out the attack on the Elbit factory - which makes the weapons that kill Palestinian children. And the jury was never told they would be sentenced as terrorists. /1
Let’s not fall for the lies about the North of Ireland.
These racist pogroms are taking place largely in loyalist areas and are being driven by reactionary elements of the British settler community. They have inherited the same racist and reactionary politics that have long been used to divide working people.
The ruling class has always needed immigration to keep the economy functioning, while simultaneously demonising migrants to create competition and resentment within the working class. The goal is simple: ensure that people’s anger is directed downwards or sideways at those with less power, rather than upwards at those who hold it.
Even these numbwits are not dumb enough to blame a whole community for the actions of one man. They are just using it as an excuse to act out all of their racist fantasies that are inherent in all settler colonial communities.
The Israeli strike on a tent in Khan Younis today severed the foot of a one-month-old infant. The infant’s mother and a 6-year-old girl were also killed in the same attack.
🎥 Filmed by Ibrahim Muhareb. https://t.co/Ro9BnvTMiy
Los terroristas sionistas israelíes de las FDI matan a un niño palestino de 14 años. Necesitamos que este video se vuelva viral. Compártelo.
#CIJ_ICJ 🇵🇸🌎⚖️
BREAKING:
Israel is massively bombing the Bekaa Valley in Lebanon right now, in the middle of the night, with zero warning given to civilians.
Families are asleep in their homes.
No military targets. No justification.
Just Israeli bombs falling on civilian areas in the dark.
Never forget when popular Israeli telegram channels were celebrating the burning alive of Gazan babies with the caption:
"Gaza: coal sale for Independence Day at Floor Prices"
Israeli targeters saw exactly what you see in the photo. Paramedics attending to the wounded. They murdered them all deliberately. AOC and our theater kid mayor run to Twitter to denounce every fake antisemitic incident imaginable. Can they say a word about this?
If you are so "appalled and shocked" by the treatment of the flotilla activists why did the government walk into the Dáil after issuing this statement and vote against sanctioning Israel when the same flotilla activists had explicitly called on you to support the sanctions bill?