And the markets….

Every financial report on the BBC ends with the phrase “And the markets…”, followed by a parade of numbers that mean almost nothing to 99% of the listenership. Yet they are delivered, even on Simon Mayo’s Drivetime, with a gravitas that suggests that nothing could be more important to our continued existence.

Obviously the people involved in “the markets”, the drivers of our economy, are without exception talented and clever individuals, but what is the mechanism that governs the system? What is the defining strategy? What are the checks and balances? If the system fails catastrophically, what lessons are learnt?

Of course, everyone who’s thought about it for five minutes, rather than swallowing the panicked mainstream media “what will the markets think?” bullshit, knows something close to the real answers to these questions. This isn’t really a post about markets. It’s about how satire and satirists can expose the truth all they like, but nothing fucking changes.

Here’s eight minutes or so of that. They did donkeys’ years of it. Nothing changed, but at least they tried.

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