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Let’s make our politicians subject to true accountability

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11.08.2018

MANY unresolved issues are left over from the 2011 financial crash. RBS shareholders still await recompense and justice. They understandably question why the financial recklessness of big name bankers has yet to result in prosecutions. There is of course no mystery. The wealthy and well connected are rarely held accountable.

The Queen of Mean, Leona Hemsley, put it in a nutshell: “Only the little people pay taxes”. Unwisely fiddle a few pounds in benefits and court beckons. Recklessly cost the taxpayer billions and you’ll still skulk away with a pension that dwarfs the lifetime earnings of most little people.

The crash arose through recklessness, greed and the pursuit of riches that was neither earned nor deserved. Politicians, however, were also culpable and have never been properly held to account. Through deregulation they created the myth of the masters of the universe who proved as insubstantial as the Wizard of Oz. Lord Mandelson had no problems with the filthy rich, irrespective of the source or morality of their wealth.

Politicians argue they are ultimately........

© Herald Scotland