Opinion: The corruption of Britain: UK’s key institutions infiltrated by criminals – The Independent- John Gelmini

The effect of the cuts on legal aid will be to deny many people justice and the spectacle of bewigged barristers standing in the freezing cold and rain outside courtrooms for the first time in 400 years is astonishing audiences on television from around the world from as far afield as China.

The Independent article is about the power of the criminal gangs

George Dixon

George Dixon (Photo credit: Wikipedia)

which took over from the Krays and the Richardsons which has reached the point where its members are more powerful than the police,the judiciary or even the Customs division of HMRC.

It deals with a situation which we were taught only existed in places like Italy where the Mafia once put a man into the Prime Minister,s office or in America where the fictional “Godfather”, Vito Corleone and “Tony Soprano” the New Jersey Gangster played by the late James Gandolfini, held sway, based on the lives of 2 people and one gangster who is still alive today.

In Britain we were told,this sort of thing did not happen, our crime figures had integrity, policemen were “Dixon of Dock Green ” figures, paternalistic, avuncular, plodding but reassuring figures incapable of lying, cutting corners or engaging in skullduggery who kept us all safe.

There were a few “rotten apples” but essentially the system is something that works.

Those views now look misguided and complacent to the point where root and branch reform is needed along with tougher sanctions for intimidating judges and juries, our own version of the “Untouchables” to put the “Godfathers”out of business and behind bars along with all those who are colluding with them from positions of trust.

John Gelmini

Enhanced by Zemanta

A Hard Look at Mervyn King – John Gelmini

The Bank of England in Threadneedle Street, Lo...

The Bank of England in Threadneedle Street, London. Deutsch: Sitz der Bank von England in der Londoner Threadneedle Street. (Photo credit: Wikipedia)

Mervyn King

Mervyn King (Photo credit: Sveriges Kommunikatörer)

Yesterday, I reblogged an excellent article by Martin Wolf, entitled Lunch with the FT: Sir Mervyn King – Martin Wolf – FT.com , where the FT’s chief economics advisor talks over lunch to Sir Mervyn King, the outgoing head of the Bank of England.

I received a detailed response from John Gelmini which I am sharing below, in the interests of promoting public debate. Personally, I think that, on this occasion, John has been a bit too hard in his criticism. I accept that  the  Bank of England (BoE) is widely regarded as in need of a shake-up, with some new blood. Until fairly recently, the BoE had a much narrower mandate and to be fair to him Chancellor, George Osborne, is responsible for widening the powers of the BoE. George Osborne is also responsible for poaching the BoE’s next Governor, George Carey, from Canada; George Carey is widely regarded as one of the ablest central bankers in the World today. I am not sure whether the BoE has a mandate for employment, like the Fed in the US?

Anyway, as usual please share your thoughts!

A Hard Look at Mervyn King – John Gelmini

This article is very revealing in that it demonstrates just how unimaginative, complacent and defeatist Mervyn King and our ruling classes are in the face of fast moving and unpredictable events. Not one word of contrition along with a subtext that says:

“I did my best, it was all down to factors outside of my control, there are just 4 alternatives to the Euro crisis, there is not much more I could have done, etc, etc, etc” plus “It is all down to the beastly Germans to open their wallets whilst the idle people in Southern Europe are going to have to tighten their belts while I eat my lunch and go off into the sunset”.

One is reminded of the scene in the 1979 film, The Godfather, starring the late Marlon Brando in which the hapless saloon singer, Johnny Fontaine (representing Frank Sinatra during his early years), starts to bemoan his fate in a whining and sorrowful tone only to have the Godfather slap him about the face and shout at him the words “You can be a man” as part of a process of admonishment and severe criticism. Mervyn King needed the verbal equivalent of that sort of admonishment for all his failures and should have been sacked and replaced a long time ago with someone much more streetwise, like Mark Carney, rather than being allowed to permit as much damage to the banking and corporate sector as he did.

From Mervyn King there is never anything about growing our way out of trouble, nothing about inward investment, nothing about promoting the conditions for enterprise, it is all about one club golfing solutions to problems that he and his Monetary Policy Committee didn’t see coming, underestimated the size of and came up with solutions that were not fit for purpose, applied too late to be any good.

To be fair to the man, the same needed to happen to the Chancellor and to David Cameron who was yesterdays man a long time ago.

Sadly, this country seems addicted to the idea of appointing and rewarding those who are not up to the job, no matter how badly they perform and then replacing them with people who are as or even more useless, with very few exceptions such as Stephen Hester at RBS who the Chancellor has obviously fallen out with despite Stephen Hester performing a very difficult job well.

Enhanced by Zemanta