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Whatever happened to the Celtic Tiger?
national |
anti-capitalism |
news report
Friday January 09, 2009 10:41 by Chekov Feeney - WSM (WS 107) wsm_ireland at yahoo dot com
Make Them Redundant Billionaire investor Warren Buffett commented on the US financial crisis that “it’s only when the tide goes out that you learn who’s been swimming naked, and Wall Street now looks like a nudist beach.” Well when it comes to Ireland, the receding tide of the global economy has revealed that not only were our business and political elites swimming naked, they were engaged in a great big orgy as well. They enthusiastically built up the property pyramid and pumped a vast quantity of hot air into the great debt-bubble, while enriching themselves through dodgy loans, dodgy planning decisions and every variety of backhander known to humanity. Probably one of the most sickening things about the boom was the way that the corporate media was full of hymns of praise to the entrepreneurial skills of our great leaders. This article is from the forthcoming print edition of Workers Solidarity 107, this is it's first online publication. You can find back issues of Workers Solidarity online at http://www.wsm.ie/ws |
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