Category Archives: Ethics and moral

‘OPEN CORPORATES’ open the gates to 834 Royal Charter Companies – the ticket to immunity from prosecution

English: Sealing of the Bank of England Charte...

www.OpenCorporates.com is this remarkable Open Database of the Corporate World.

This link takes you to 3,059,982 active companies in the UK and reveals 19 different company types. The last one is Royal Charter Company.

This link takes you to 834 Royal Charter CompaniesNearly all were registered on 1 Jan 1981 and comprise:

  1. The Bank of England (1 Jan 1981 – )
  2. Universities and Colleges
  3. Schools and Academies
  4. Banks
  5. The British Broadcasting Corporation
  6. The British Council
  7. Lots of ‘Chartered’ institutes and societies
  8. Hospitals and Lunatic Asylums
  9. Professional Institutes and Institutions
  10. Companies and Societies
  11. Libraries and Museums
  12. Clubs and Associations
  13. Unions, Committees and Councils…

If you are not familiar with the significance of Royal Charters, please click on Royal Charters – the ticket to Immunity from Prosecution. Continue reading

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Abolish the City of London Corporation: the size and scale of the Financial lobby revealed

Thanks to this Early Day Motion (EDM), which asks for an inquiry into the abuse of power by the City of London, I learned about the Bureau of Investigative Journalism. It writes:

The size and scale of the Financial lobby revealed

Top Story: The £93m City lobby machine. Read more here.
Analysis: The finance lobby faces its biggest challenge.Read more here.
Bureau Recommends: Conviction ‘at all costs’: police cover-up sees verdicts overturned. Read more here.

The financial lobby exposed  
In the wake of the Barclays Libor scandal, the Bureau published a four-month investigation into the influence of the City on politicians and regulators.
We revealed, for the first time, the size and scale of the financial lobby in a project published in the Guardian newspaper.
Our work showed:

  • The British financial services sector spent nearly £93m lobbying politicians and regulators last year. Read more here.
  • 16% of members in the House of Lords are paid by City firms. Read more here.
  • A cosy relationship between the financial services industry and its regulator. Read more here.
  • How the Square Mile’s local authority, the City of London Corporation, works as a lobbyist. Read more here.
  • How the Big Four accountancy firms have given donations of ‘staff costs’ worth £1.36m since May 2009. Read more here.

Continue reading

The Global Financial Crisis

Michel Chossudovsky, Professor of Economics and Director of the most impressive Centre for Research on Globalization on a 78-minute video:

The Great Depression of the 21st Century

Causes and consequences of the financial meltdown;
The speculative onslaught;
Financial fraud and the “bank bailouts”;
Bankruptcy of the real economy;
Impacts on employment, wages and social services;
Towards a spiralling public debt;
The economic crisis and its relationship to the Middle East war;
The centralization of corporate power;
The concentration of wealth;
The globalization of poverty.

What are the policy alternatives?

Cardinal says credit crisis has killed capitalism

This report by the Telegraph on a fund raising dinner at Claridges for the restoration of a church building is good ‘moral reading’, as it blames Labour.

What is interesting, too, is that, once again, references to ‘the poor’ never include victims of ‘economic violence’ and financial institutions, i.e. bankruptcies, home repossessions and suicides.