You cannot see an reasonable argument to put up against this rather simple complaint?
What purpose to banks serve? what purpose does industry serve? what purpose do politicians serve? Why do we have a class system? What is the point of almost every single religion? What is the objective of just about every nation on earth?
Some of these have only one objective, to become powerful, others have only one objective which is to maintain their existing power. You see all of the complaints, including the murder of people can just as readily be levelled at governments, rulers companies and religions - but that’s all right just as long as they make a profit or because God says so - and the way that the industries and insurance companies have fought against compensation claims over asbestos related disease and conditions is as near to mass killing as one can get.
In such a world where everyone else is trying to ensure they have power it would be pretty stupid for the workers who provide the means to produce power and impose it at the behest of their masters not to wrest some of this aside for their own interests. The alternative is just to sit on the sidelines while the power games go on and hope their masters will throw them a crumb or two.
The real maturity of the representatives of labour is when they understand what is, and what is not in their interests, the interests of workers, and all those other groups should never be compromised merely because of ideology - workers do have an interest in the success of their employers - fact is that the NUM did not see this at all
Its just a pity that business does not seem capable of it, we see huge incentives for market traders to lie about the security of investments in order to give themselves a short term boost when bonuses are paid. Right now we have a world where recession is everywhere, where currencies cannot retain their value or market confidence, where regulators, banks and governments have all lied for years about the security of their accounts, that statements were true, and yet we find they all lied, and lied and lied.
I don’t see those financial institutions being crushed, or shut down, or being allowed to fail - yet underperforming industries have been allowed to collapse around the world with huge adverse effects of the drones keeping those industries going.
Seems there is one set of financial rules for those at the lower reaches of the heap, where the workers must pay the consequences of tax evasion on international scales, whilst workers lose their work and bear the brunt of all the recessions.
Just as workers organisations should not get too far above themselves, and be sensible in understanding how to share power, the same applies to all the other power interests, from governments through to corporations through to religious orders - at the moment the accountability seems to have gone, when banks screw up, well they are to big to fail, errant city traders just laugh it off like overgrown schoolboys, and continue to pay themselves large bonuses just as before.
Just as unions have been brought to heel, the upward spiral of financiers incomes also needs to be brought under control - whenever some sort of control is mooted, we are assailed with the idea that the traders will move elsewhere because it is an international market - how about if they don’t like the new terms, they can sod off and we can readily find others who would be quite happy to work for less - there are always others waiting in the wings. Frankly, my view is that since they have screwed up our economy, it would be no loss to us if we let them go elsewhere and screw up someone else’s economy.
Why is the Spanish economy in the pisser by the way? Could it be that their leaders borrowed far more than they could cover? Could it be that they lied in their own self interest to get re-elected? Could it be that city financiers were quite willing to continue lending on this basis? Or that Greece, Italy and others seem to think that the payment of taxation is only for the little people?
We should put the blame of Spanish poor performance where it truly lies, which is a system riddled with self interest, of lies and distortions from the markets through to the politicians who rule the country - the reaction of unions has been unhelpful - but not too surprising given that all the other greedy little piggies had their snouts in the trough and their front trotters in the monetary swill right up to their necks.