Ten Years Since the Global Financial Crash of 2008, We’ve Been Screwed by Austerity, and Now The Predators Want Our Homes

An image summing up the global economic crash of 2008.Please support my work as a reader-funded investigative journalist, commentator and activist.

 

Yesterday, September 15, marked the 10th anniversary of the day the new world order that started under Margaret Thatcher and Ronald Reagan, and continued under Bill Clinton and Tony Blair, blew up spectacularly when the banking giant Lehman Brothers went bust, precipitating a global economic crash that was the worst since the Great Depression of 1929.

The crash came about because investment banks like Lehman Brothers had been involved in risky, toxic deals that should never have been legal, primarily involving “sub-prime mortgages” — lending money to buy homes to people who couldn’t afford them, and then packaging those toxic debts up in other complex financial packages.

The collapse of Lehman Brothers, with debts of $613bn, started a domino-like collapse through the entire financial sector, which had previously thought of itself as infallible, and had been supported in this absurd notion by politicians and economists.

In response, governments spent billions bailing out the banks, while everyone else suffered. No senior banking executive faced prosecution for their crimes, but individuals lost money, businesses folded, unemployment was rife, and the easy credit on which so many people depended dried up. Immediately after the crash, it was at least obvious that others were suffering too — building sites across London, for example, lay abandoned, and even the rich felt the squeeze, but salvation, in the UK at least, was soon at hand when the Tories, with the support of the Liberal Democrats, were able to form a government after the general election in May 2010, and immediately set about creating a new narrative — that the problem was government spending, not bankers’ crimes, and that the solution was to cut public spending. Read the rest of this entry »

The Bitter Legacy of 9/11, on its 17th Anniversary: Endless War, Guantánamo, Brexit, Trump and the Paranoid Security State

The Statue of Liberty and the twin towers of the World Trade Center on September 11, 2001.Please support my work as a reader-funded journalist! I’m currently trying to raise $2500 (£2000) to support my writing and campaigning on Guantánamo and related issues over the next three months of the Trump administration.

 

17 years ago today, on September 11, 2001, the world changed forever. In the wake of the terrorist attacks that killed nearly 3,000 people, a US-led coalition invaded Afghanistan, decimating al-Qaeda and toppling the Taliban, but staying on to lose hearts and minds in an apparently unending occupation in which we are still mired.

Within three months, Tony Blair was imprisoning foreign-born “terror suspects” without charge or trial in the UK, and exactly four months after the attacks, the Bush administration opened Guantánamo, its showcase prison for what happens when a vengeful nation led by belligerent ideologues historically fixated with the exercise of unfettered executive power and disdain for domestic and international laws and treaties rounds people up without competent battlefield reviews, instigates torture and embraces indefinite imprisonment without charge or trial on an industrial scale.

Two and a half years after 9/11, the Bush administration’s ideological “crazies,” aided and abetted by Tony Blair, compounded the Afghan quagmire by invading Iraq on the basis of lies, endorsing regime change over the rights of sovereign nations not to be invaded without good reason, and confirming 9/11 as the conduit for endless war — a dream for the military-industrial complex’s bureaucrats and arms manufacturers, and the growing mercenary armies of the west, but a disaster for everyone else. Read the rest of this entry »

Andy Worthington’s Band The Four Fathers Release ‘Riot’, New Online Single Tackling Austerity and Inequality

Listen to ‘Riot’ here!The photo is by Eric Hossinger (hozinja) on Flickr, and is reproduced via a Creative Commons agreement. It was taken on December 4, 2010 during a UK Uncut protest outside Topshop in Oxford Street about tax avoidance by the company's boss, Sir Philip Green.

Today my band The Four Fathers are releasing ‘Riot’, our third online single from our forthcoming album, ‘How Much Is A Life Worth?’ following the release of ‘Close Guantánamo’ (2017 mix)’ in February, and ‘Dreamers’ last month.

I initially wrote ‘Riot’ in 1986, while living in Brixton, as a punky reggae song that dealt with how parents and society mess up kids’ minds and emotions — themes of youthful alienation that didn’t survive when I revived the song for The Four Fathers at the end of 2015. We’ve been playing it live since then, and we recorded it last summer in the first session for our new album, ‘How Much Is A Life Worth?’ which we hope to release on CD in September.

Musically, our version of my old tune is the closest we’ve come to date to echoing the minor key tunes and armagideon themes of classic late 70s roots reggae, which remains my favourite music, nearly 35 years after it first blew my mind at university in Oxford. Read the rest of this entry »

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Andy Worthington

Investigative journalist, author, campaigner, commentator and public speaker. Recognized as an authority on Guantánamo and the “war on terror.” Co-founder, Close Guantánamo, co-director, We Stand With Shaker. Also, singer and songwriter (The Four Fathers) and photographer.
Email Andy Worthington

CD: Love and War

Love and War by The Four Fathers

The Guantánamo Files book cover

The Guantánamo Files

The Battle of the Beanfield book cover

The Battle of the Beanfield

Stonehenge: Celebration & Subversion book cover

Stonehenge: Celebration & Subversion

Outside The Law DVD cover

Outside the Law: Stories from Guantánamo

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