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Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Monday 12 August 2013

Cameron Demands Complacency on Fracking

"Get behind fracking" demands David Cameron in The Telegraph today. Think of the benefits to the economy, he lays on. Ignore the environmental impact, he infers. As anti-fracking protests continue strong in Balcombe, Sussex, the Tory Prime Minister adds yet another controversy to his premiership's legacy, so what substance lies behind his words?

The pro-fracking alliance of Caudrilla and The Conservative Party announce the godsends of the new energy initiative at any hint of disapproval: cheap energy, self-sufficiency and enough jobs to provide for the unemployed and the millions of illegal immigrants popping out of the sewage system. Meant to be a bit of good news, the Nasty Party must be in disarray that their distraction from their widespread attacks has only added fuel to the fire. Rather than prompting street parties and celebrations akin to those on New Year's Day, simply the possibility of fracking has resulted in angry gatherings. 

The potential of fracking is vastly outweighed by its potential to wreck the environment. Carving up the countryside, destroying habitats and contaminating water, it's hardly going to be Beautiful Britain. 1,300 trillion cubic feet of gas doesn't exactly suggest a short-scale and isolated project; if David Cameron's partners manage to find shale gas, which is a certainty, there's no doubt that they'll continue to exploring elsewhere in the country. It really should come as no surprise that fracking is being favoured over other options when one of Cameron's advisors, Lord Browne, is the chief executive of Caudrilla. The big black bags of money that the Government are saying will drop into the Treasury or the local public's back pockets are empty promises. If anything is reinvested into the economy, it will be minimal. We only have to look at the 'Big Six' to recognise this; despite their massive profits this year, they still have the cheek to demand more money from their customers. Here is where Cameron's promise of cheaper energy can be called into question.

The latter two promises, self-sufficiency and jobs, also raise eyebrows. Although it may be the case that fracking can provide them both, they are not the sole approaches that can offer, and they are far more the cleanest. Fracking is a dirty process, and presents the highly likely chance of water contamination in the local area. Add the certainty of increased traffic from unclean lorries through the local area, and the noise created during the process, and it the pollution is an abysmal thought. Furthermore, climate change is a real concern in the present day and as we continue to rely on finite and dirty resources to power society, we are forgetting the long-term problems and solely thinking of the short-term benefits. It has been predicted that 60-80% of resources in the ground must not be extracted if we are to avoid any of the catastrophic results of climate change. In contrast, there are various green energies that can be invested in for all the same benefits. Additional money placed towards procuring energy-efficient homes and building technologies to catch renewable energies is far more sustainable and financially viable. The jobs created by implementing a shale-gas service are equally required for a large-scale investment project in sustainable and clean resources, that will not just benefit us, but generations to come and have far more public support than dirty fracking.

The language used by the pro-fracking alliance is misleading and ignorant of alternatives and public opinion. Despite widespread opposition, the technology, which is in its infancy, is being favoured over far more sustainable technologies, which can provide the very same benefits. There is enough shale gas to keep us powered for decades, they say. But there is enough sun, water, wind and heat to keep us powered indefinitely.

Also posted on Redbrick.

Friday 19 July 2013

A Tory Guide to Getting Quick Cash

8969536983_563ee1b6db Image by Palestine Solidarity Campaign

In times of economic crisis, the Conservatives usually find themselves in Government (cheekily proclaiming themselves the ‘natural party’) and with the task of cutting the deficit and balancing the books. This is a task they have long developed a strategy for – if you can’t cut the services, privatise them – easy. Unsurprisingly, this is exactly the kind of strategy that has been in place since the 2010 General Election win.

They are a party of supposed economic credibility; they can decrease the expenditure and debt of the country. But the tactic of privatisation is just an easy way of getting quick cash; if you can sell something for a good enough price, you’re going to get the money much quicker than if you persevered and waited for the profit (if there even is one) to add up. Take some examples that have come out recently: student loans debt, Royal Mail, blood plasma and, more recently, social services. Here we have a wide range of government-provided but publicly-funded services that are part of the majority of society’s everyday lives. These institutions arguably provide the backbone of UK stability and health, but the government is proposing to sell them off to possibly reckless profit-orientated major corporations.

The latter case, the idea of privatising the social services, is simply abhorrent. These services help the most vulnerable children in society, protecting them from harm and helping to enable themselves to get a better lifestyle. Whilst publicly run, this is exactly the kind of service the government should be funding and providing; a government should be concerned about the welfare of its paying citizens and working on behalf of its citizens. To grant this service to a major corporation is to ignore the fact that most companies have a primary interest in raising as much money as they can as quickly as they can. As long as they provide a legally compliant service, that’s as high as they will aim, whilst asking for extortionate price. We are only able to hope that, if the sale does indeed go ahead, that the resulting managers of the social services aren’t of detriment to those who desperately need them.

This isn’t just a made-up negative judgement; it’s fact. We saw earlier this week how security companies such as Serco and G4S have been overcharging the government and, thus, the public for the installation and monitoring of security tags on offenders. Our train providers are among the most expensive in Europe. And, there’s the ever-growing problem of companies moving abroad to rake in cheap labour, destroying jobs back in the UK. In a capitalist economy, it should come as no surprise that corporations only exist to make as much money off their consumer as they can get away with. They may not even care how their services are used, only that they are gaining some money in the process. Take for example, the reports that Palestinian children are being held and, allegedly, tortured, in G4S prisons in Israel. They claim they are not breaking “international law” but surely their actions are still immoral.

But this description can surely be applied to the Tory government too. Their strategy of making cuts and selling companies is simply a way of getting as much money back as they can almost ignoring the detrimental side-effects it may have on society. Meanwhile, they will report that borrowing has fallen, the deficit has fallen, and the Government is recovering the UK’s economy. Is this really the case or just an illusion?

Wednesday 17 July 2013

Prime Minister’s Questions – 17th July

parliament6

How much of the UK’s legislation has been bought by lobbyists? Both sides of the House questioned that today. The Tories questioned Labour’s relationship with trade unions, in particular Unite, with Cameron stating that trade unions buy Labour’s policies, candidates, MPs and even leader. Meanwhile, Labour requested an answer to the connection between the advice of Lynton Crosby and the decision to not go ahead with plain packaging on tobacco products. Neither side gave particularly satisfactory answers. Miliband was particularly quiet on the day’s announcement of falling unemployment (despite long term unemployment levels having gone up) and this was something that Cameron made sure the House was aware of. As expected, another dominant topic was the Keogh Report, which placed 11 NHS Trusts under special measures with both sides of the house disagreeing on the change of number of nurses and clinical staff since the Government took power in 2010. The sight of Cameron lying back in relaxation, head towards the ceiling, was not unobvious; as we head into the Summer Recess, Cameron is in a strong position, with a recent poll placing Labour and the Conservatives on an equal lead, and he’s revelling in the knowledge. According to him, Labour’s leadership is “in crisis” – everyday, the country is getting stronger, and everyday Miliband’s leadership is getting weaker.