David Begg on the financial crisis

[jerryp]

I got this from ICTU website, apparently an article written by him in today's Irish Times.

Banks to Blame for Financial Crisis » Press Office » Congress - Irish Congress of Trade Unions

I think it should be required reading for all who support the " market is God " theory and , indeed, those who are victims of such an approach.

[JollyRedGiant]

David Begg discovering left wing politics?

I think not.

After 20 years of backing national agreements, and supporting a neo-liberal economic programme, that limited the ability of working class people to improve (or in some cases even maintain) their living standards, Begg now trying to dress himself up as an opponent of neo-liberalism. Give us a break.

[Kf]

A well written and passionate article - great, but David Begg is a board member of the Central Bank for the last 13 years!!!

So the question isn't about "the banks" , Polyani or Hayek its about David. What did you do David with your position of power to prevent this occuring.

Well?

[jerryp]

A well written and passionate article - great, but David Begg is a board member of the Central Bank for the last 13 years!!!

So the question isn't about "the banks" , Polyani or Hayek its about David. What did you do David with your position of power to prevent this occuring.

Well?

Because he was / is on the board, it doesn't follow that his views would prevail there.

[cactusflower]

What was his ICTU salary and expenses ?

[FutureTaoiseach]

It was predictable that the Left would exploit the crisis to attack the capitalist system itself, but this is a distraction from its real cause - the lack of regulation. That is not to say that the State has to go from one extreme to the other, in terms of massive intervention in the economy. The fact that Irish banks are holding up better than their American and European counterparts suggests we have the balance right here. The govt in fact did intervene in the property-market by continuing to allow practices in our planning-process such as rezoning, and providing excessive incentives to invest to pay less tax for example. So too much intervention can also be damaging.

[eurosceptic]

David Begg is a puppet of the government. That became obvious with the lisbon referendum.

[Kf]

Because he was / is on the board, it doesn't follow that his views would prevail there.

Then what is the point being on the Board!

I like Begg but the article I want to see is the one that outlines what he thought, said and did for 13 years on the Board of the Bank. If he was being ignored for 13 years then he should have resigned and gone public with his concerns.

[jerryp]

Then what is the point being on the Board!

I like Begg but the article I want to see is the one that outlines what he thought, said and did for 13 years on the Board of the Bank. If he was being ignored for 13 years then he should have resigned and gone public with his concerns.

If you were to use that logic, then a staff rep. on the board of, say, Fás should also step down unless he / she gets their own way.

[Catalpa]

A well written and passionate article - great, but David Begg is a board member of the Central Bank for the last 13 years!!!

So the question isn't about "the banks" , Polyani or Hayek its about David. What did you do David with your position of power to prevent this occuring.

Well?

Yeah and even greater is SF who voted to give Irish Bankers a hand...