France Rises Up Against the New Fascism - Vaccine Passports 23:57 Jul 21 3 comments George Floyd: one death too many in the “land of the free” 23:58 Jun 23 0 comments The leveraged buyout, exploitation and punishment beating of Greece as warning to others. 11:45 May 11 0 comments Red Banner issue 60 out now 13:18 Jun 22 0 comments Red Banner issue 59 out now 17:46 Mar 28 0 comments more >>Blog Feeds
Anti-EmpireThe Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire UK Sending Missiles to Be Fired Into Rus... Tue May 07, 2024 14:17 | Marko Marjanović US Gives Weapons to Taiwan for Free, The... Fri May 03, 2024 03:55 | Anti-Empire Russia Has 17 Percent More Defense Jobs ... Tue Apr 30, 2024 11:56 | Marko Marjanović
The SakerA bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Lockdown Skeptics
Labour?s VAT Plan for Private Schools Flunks Revenue Test Sun Jul 28, 2024 19:00 | Richard Eldred
Far-Left Group Claim Responsibility for Paris Arson Attacks Sun Jul 28, 2024 17:00 | Richard Eldred
DESNZ Has Net Zero Competence Sun Jul 28, 2024 15:00 | David Turver
Hate Cleric Raises £3 Million to Create Islamic Homeland on Scottish Island Sun Jul 28, 2024 13:01 | Richard Eldred
Why I Fear What Labour Will Do to the Education System Sun Jul 28, 2024 11:00 | Stephen Curran
Voltaire NetworkVoltaire, international editionNetanyahu soon to appear before the US Congress? It will be decisive for the suc... Thu Jul 04, 2024 04:44 | en Voltaire, International Newsletter N°93 Fri Jun 28, 2024 14:49 | en Will Israel succeed in attacking Lebanon and pushing the United States to nuke I... Fri Jun 28, 2024 14:40 | en Will Netanyahu launch tactical nuclear bombs (sic) against Hezbollah, with US su... Thu Jun 27, 2024 12:09 | en Will Israel provoke a cataclysm?, by Thierry Meyssan Tue Jun 25, 2024 06:59 | en |
Cork - Event Notice Thursday January 01 1970 "The Failure of Irish Capitalism"
cork |
anti-capitalism |
event notice
Tuesday October 22, 2013 21:43 by Ned Ludd
Public Meeting and Book Launch of "Austerity Ireland" Academics Kieran Allen and Brian O'Boyle,have written a new book to offer a critique of current economic policies. Kieran Allen, a sociologist who works in UCD, said, 'Figures show that the wealthy have effectively gone on an investment strike. A mere €16 billion is being invested in Ireland compared to €46 billion in 2007. This is unsustainable and means that unemployment and emigration will continue for some time'. |
View Comments Titles Only
save preference
Comments (1 of 1)
Jump To Comment: 1Kieran Allen, a sociologist who works in UCD, said, 'Figures show that the wealthy have effectively gone on an investment strike. A mere €16 billion is being invested in Ireland compared to €46 billion in 2007. This is unsustainable and means that unemployment and emigration will continue for some time'.
£46 billion invested in Ireland in 2007 but a meagre £16 billion now. I am not surprised. Holding money in Ireland is a hazard to health and anxiety levels with the paper trail that is haunting our pensioners, our baby boomers now retired and people with disabilities who have received financial settlements from the courts or other sources. Why? Try opening a bank account in one of our State owned banks or for that matter in Bank of Ireland which still has the dregs of once worthwhile shares. Evidence is the order of the day now. They need a utility bill address, they need passport copies but witnessed by solicitors (beware the many defunct solicitors now advisers to Debt Options and others), or for that matter bankers with their stamp). Try adding a name to your account at the Post Office and again it is a data mining exercise with the bureaucracy to go with it.
Then for those who may have held shares in publicly quoted companies ie Stock Exchange, through their lives, the surprise post these days is a letter from the stockbrokers with the intimidating inference that their funds invested in stocks and shares have links with money laundering and they must by a certain date provide evidence of who they are basically and in line with what the banks are requesting to open new accounts. For those people who want to hold a sterling account in Ireland yielding no interest, just a preference in currency - this is the real hurdle. The advice received from an AIB staff member was to get on a bus and go North and choose an English bank. Try to proceed with the argument that you don't want to desert that sinking ship called Ireland Inc and you will find that it may take up to 2 months and lots of bureaucratic nonsense to open a Sterling account, which in the days of Central Bank control, was a whole lot easier.
Are we getting the message why people are no longer choosing to hold funds in Ireland? We are creating a bureaucracy equivalent to what you find if you are working as an ex-pat in Zimbabwe receiving local currency and bound by their Reserve Bank rules. A pure hell hole for those who have the money to invest. What can we learn from this: we learn that people will seek out simplicity - hence the black economy appears to be thriving in Ireland as it still governs Zimbabwe.
Kieran I hope in your book you have looked at the Ireland Inc that has welcomed so many migrants to its shores. Ireland Inc was many times before a nation of emigrants but the difference this time is that our people are unlikely to be remitting money home (because why would they send back money when they left properties in negative equity). T real he scary part is that there are others (un-checked by Government or Central Banks) busy remitting vast sums of money 'home'. Check out the OECD figures which revealed that Nigerian migrants to Ireland remitted 500€ million (this is half a billion) back to Nigeria in 2012. Where is the common sense? Western Union and others facilitating the flow outwards, it must be considerable if the OECD report that 500 € million was sent to Nigeria alone in 2012.
Austerity is killing Ireland Inc.
Ireland is a small open economy that must sell her wares and the truth is the message has not got through yet. We are not watching the pennies.......Remittances are leakages from our boat and we are sinking fast.
Devil's Advocate