28 February 2005

You are what you invest in

"'The entire secular growth in the Republican vote can be explained by the growth of stock ownership. It changes what you read, what you watch, and what you think.'"
Or to put it biblically: "Where your treasure thereyour heart will be also".
Extending home ownership was a key piece of policy for the Thatcher government as was increasing share owning. The above quote is from an article about doing something similar in the USA. Why am I commenting? Because it seems to me that it is particularly interesting and significant: the attempt to tie more people more securely into the system of global money so that they are more likely to support the values and continued existence of that system. It is a way of cementing global injustice through the stakeholding of the global richest. Of course it makes them more vulnerable if the system [which Bishop David Jenkins not inaccurately refered to as a global pyramid scheme] becomes 'unstable' which is quite likely given that it is largely built on and cemented together by oil and oil is about to become and increasingly sacre commodity. It really is quite disturbing, in fact, because the repercussions globally are so big.
Guardian Unlimited | Special reports | Pensions and penury: the Galveston experiment prepares to go national:

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