Trickle down economics

I remember the slimy BBZ doing a business report from India. That a poor man was able to set/have his own bus driving business was used to show what a great success the Indian economic model was. I remember my reaction to this story was one of puzzlement at how exactly this could be regardd as a success story because I think (I can’t remember exactly now as it was some time ago) the bus-driver had to work a huge number of hours per day, hence spent a long time away from his family, in order to service his loan. Frankly, it looked like the man was in a bit of a precarious position. If he was indeed working so long I didn’t see much chance of him being able to take on extra work and pay off his loan more quickly.

But it was classical BBZ, selectively choosing and talking up something that agrees with the agenda it serves – a capitalist dominated ‘usury is great‘ type outlook.

Anyway, the BBZ reporter hailed the bus-drivers case as a good example of the success of the ‘trickle down’ economy, which again I found to be a rather odd thing to say, people at the very end of the (fake)money pile only getting a trickle is good. Strangely enough, the program didn’t show any victims of the Bhopal disaster (or see the toxipedia website) mass death and even more mass injury thanks to those nice people at Dow Chemicals.

Neither did it show the huge quantities of Indian farmers who were dispossessed of THEIR ancient and ancestral pastoral lands as well as those who were forced to use Monsanto terminator seeds, all of which have lead to the thousands of farmers committing suicide over the years. Oh no! The BBC didn’t show any of this (again as far as I can recall).

Anyway, what triggered this rantlet was that I had just looked ay Xymorphia’s website and found this rather more accurate truism: “Trickles Down? No, Streams Offshore!“. That’s the full picture which the horrible BBZ newz and current affairs division just happens to conveniently forget to inform you of.

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