
There’s something very odd going on with the British political system when the Chancellor of the Exchequer can lose his job over less than £700 whilst billions are squandered on illegal wars, nuclear missiles, corporate subsidies and bailouts. George Monbiot’s latest piece on Znet uncovers the massive corruption behind the M25 project. It is but one of many examples of the way the political system is designed to ensure the socialisation of risk and privatisation of profit.
It’s a thousand times bigger than the one we’re talking about, so why doesn’t it ignite public anger?
For a moment, my heart leapt. The headline on the front of yesterday’s Daily Mail contained the words travel, scandal, extortionate and £6.2. I imagined, until I read it properly, that it referred to the £6.2bn contract to expand the M25 motorway, which has just been signed. Some hope. “The £6.2m bill: Scandal of how MPs are taking taxpayers for a ride with extortionate travel expenses” referred to a rip-off precisely 1000th of the size of the travel expenses scandal that interests me.I understand the public anger and fascination about MPs’ expenses, and the burning question of whether you can obtain capital gains tax exemption on your second duck house. But it is microscopic by comparison to the corruption that has been bubbling along merrily for 15 years in the UK, unmolested by the tabloid press.





Jim Lobe interviewed by Scott Horton on
Jeff Blankfort on 
