Behind the faceless free market

WHO ARE the markets? It seems they are hovering in the heavens, glowering above us, making ready to deliver from on high their no-nonsense judgment on whether the imminent cuts in government spending go deep enough. If they don't, an awful wrath will plague the land...

Brian Hilliard of investment bank Societe Generale told the Daily Mail: "Time is running out fast. The markets have no appetite for political horse-trading. They are demanding decisive action..."

So who are the markets? They are that thin layer of men who make billions manipulating and betting on the prices of everything from nuclear waste to vegetable oil, but mainly of money itself.

When Cameron, Clegg, Osborne and the rest of Britain's new political brat pack talk of restoring confidence to the markets, what they mean is reassuring this class of unproductive oiks that there'll be no restraint on them skimming off the world's wealth.

http://socialistworker.org/2010/05/26/the-faceless-free-market