Saturday, August 06, 2011

Private Interest Takes Precedence over the Public Good

In the UK, power jury ready to take power away from the feral elite:

"Something is unraveling before our eyes," the group says. "From bankers to media barons, private interests have bankrupted and corrupted the public realm. Power, for so long hidden in the pockets of a cozy elite, has been exposed. Those who wield it have been found wanting - in scruples, in morals and in decency."

The group says that the three crises - MPs' expenses, bankers' bonuses and illegal phone hacking - share common origins. "Politicians, bankers and media moguls ... share a common culture in which greed is good, everyone takes their turn at the trough, and private interest takes precedence over the public good."

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