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Mystery rant

Written By: - Date published: 9:50 am, September 8th, 2010 - 32 comments
Categories: capitalism, Media - Tags: , ,

Here’s an interesting rant. I’m not going to link to it, because I want you to spend a moment trying to work out who (which raving leftie blogger?) is the author. So read it, and make your guess, then Google for the answer:

… like so many other people, I am very angry about the expensive farce that is South Canterbury Finance. What a filthy rat we’ve all had to swallow there. And what contemptible ingratitude we’ve heard from the south. … That entire South Canterbury affair has been amazing to watch. Timaru has become a cult city, a financial Jonestown, led to its destruction not by the Reverend Jones but by the great man Allan Hubbard. That’s what it looks like from here. …

God, I detest them all, finance companies. I detest the people who start them, the suckers who invest in them and the creeps such as Hotchin and Watson and Bryers and all the other wide boys with the flash cars and the tarts and the designer watches. They all get found out in the end.

They make nothing and produce nothing. They clip the ticket and some may swallow it whole.

In the final analysis, the finance sharks start with nothing and end up with everything. The customer starts with something and ends up with nothing.

And this time, we have to pay the $1.7bn. And some prick down there wonders if we want a fight? You betcha we do. And what’s more the company took us for a ride. The moment we protected their money under the deposits guarantee scheme they got even more cavalier with it.

They didn’t have to give a damn where it got invested because they knew they’d get it back with interest. Man, that sucks. …

32 comments on “Mystery rant ”

  1. Lew 1

    Anyone who claims to have guessed this right cheated.

    L

    • Mr Magoo 1.1

      You wont believe me but I guessed it after the first paragraph. (one can never be 100% sure and the poke at the fact it was not a typical lefty helped)

      I have read several of Paul’s latest rants and they are very similar. Who would have thunk that his bent would be left with age?

      Almost inspiring.

  2. Good one R0B.
    Shows just what a cup of cold sick the SCF rort is to all kinds of sentient NZers.

  3. prism 3

    Terrific! The drama, the passion, the emotion, the truth. But what happens after all that vented energy? How can we channel it and apply it to getting better policies, regulations, performance of whatever? Otherwise it is a continuing cycle of bad events and impotent anger and disappointment and a different bad event and…..

  4. r0b 4

    They make nothing and produce nothing. They clip the ticket and some may swallow it whole.

    That applies to so much of the “financial sector”. Stockbrokers. Speculators. Currency dealers…

  5. F.Y 5

    Using my powers of deduction (and reading the tags) is it Paul Holmes?

  6. Lanthanide 6

    The tags kind of give it away.

    • r0b 6.1

      Yeah I know – but how many people read the tags?

      It was interesting to me that Holmes would write such a piece. Also interesting that a major paper would run it, when it reads more like an angry blogger than anything else…

      • Rex Widerstrom 6.1.1

        Are you saying bloggers (even when angry) are somehow less literate than your average newspaper columnist?

        Before answering that, let me remind you Micael Lhaws writes a newspaper column 😛

        Seriously though, the best stuff in the blogosphere is as good as anything you’ll find in the “quality” papers, let alone the tabloids (or “tabloids in broadsheet size”). And the thing is, you find it in the unlikeliest of places, such as the Standard 😀

        Sure, the ease with which the “publish” button can be hit versus rolling the presses, the unlimited “space” a blog can occupy versus the strict editorial-to-advertising formulae that constrain newspapers, and the lack of an editorial process on blogs (not that the presence of one makes much difference to the Hrelad) means the ratio is lower, but still…

        • Draco T Bastard 6.1.1.1

          You mean that he’s a sycophant.

          • Rex Widerstrom 6.1.1.1.1

            I think that response was meant for my other comment, down there a ways… 😀

            But yeah, to a degree. I think like many drawn to the media (and I include myself in this) Paul is at heart a bit insecure. The public recognition, the ratings and so forth provide a huge degree of validation. So, alas, can a famous pollie who invites you to their home or comes to your wedding.

            I’m not sure why some people would scoff at that sort of overture from, say, Tom Cruise – seeing it for the shallow schmoozing it was – yet fall for it from a local politician.

            And I’m not saying that to put down Paul in any way, having been, if anything, at least as guilty of it myself in the past.

  7. Carol 7

    I didn’t read the tags, but at first thought it could be a Bomber rant, or even a Tim Selwyn. But then decided that there is something about the language that doesn’t seem like either of them. I think it was round abour here, that I decided it wasn’t any leftie blogger I’m familar with:

    I detest the people who start them, the suckers who invest in them and the creeps such as Hotchin and Watson and Bryers and all the other wide boys with the flash cars and the tarts and the designer watches.

    It sounds like a bit of “old” money, ranting about upwardly mobile “new” money pretenders, along with a touch of sexism.

    But I didn’t guess who actually wrote it before I googled. And I’m still not sure of the motivation of the author. But does it signal a shift away from the neoliberal, ultra consumerist capitalism, where people try to make money from air, derivatives and speculation?

  8. Whale and Cactus Kate have been saying similar stuff but I am pretty sure it is not them. I cannot fault the comments.

    I will just have a peek at google …

    Hmm. When these people are turning against the Government then anything is possible.

    • Rex Widerstrom 8.1

      When these people are turning against the Government then anything is possible.

      You’re painting Paul as some sort of NACT groupie? Have you that on one hand forgotten Jim Bolger was a guest at his wedding? But on the other, the nausea-inducing (and I say that as someone who admires most of his work) pieces in the Herald on “How I actually had dinner at home with Helen and Peter”? And plenty of other examples of similar behaviour?

      IMHO Paul’s problem is that he can become too easily enamoured with, and seduced by, the few people who are at least as well known, and who wield more power, than he does. As a journalist you simply can’t form friendships with the people you’re meant to be holding to account. You can be friendly with them, have a few drinks, even share a restaurant meal, but there’s a line…

      I think Paul’s removal from daily domination of radio and TV – and thus the reduced focus by those in power on sucking up to him – has turned him into a better journalist.

  9. F.Y 9

    Hmm. When these people are turning against the Government then anything is possible.

    and also:

    But does it signal a shift away from the neoliberal, ultra consumerist capitalism, where people try to make money from air, derivatives and speculation?

    Unfortuantely, once you discover the author, it doesn’t mean much. He’s taking shots from a protected position. Within certain circles, once you’re socially viable, you can do as you please. Call people cheeky darkies if you like. Even if you say that some women who target sportsmen for sex must accept responsibility for being raped, you might only lose a non-paying media figure-head position. Makes no difference to your real situation though and the womens weekly might even pay for your story. Not a good indication of what average man is thinking.

    • Carol 9.1

      Well, there’s nothing in the rant that critiques the system, or power relations that produced the SFC bail-out. It’s a rant against individuals who try to “cheat” the system they believe in.

  10. nzfp 10

    Wow – I wasn’t expecting that…

  11. BLiP 11

    He’s been getting a bit antsy lately – he had a quite interesting piece on the National Ltd™ claims of an economic recovery from his perspective as an olive oil hawker at a recent trade show which, after a flow of positive feedback, he followed up with another swipe at our economic masters.

    The cynic in me believes that he may or may not actually believe what he is saying but, as with most tabloid columnists, so long as he gets a significant reaction from the readers then that’s all that matters.

  12. OleOlebiscuitBarrell 12

    I do not know form where you get the idea that bailing out finance companies is a right wing thing. Proper right wingers are against it for so many reasons.

  13. prism 13

    It seems to me that Holmesie (don’t all well-known people trying to exude a mateish relationship have ‘sie’ added on ie Banksie) is a weathercock, changing position under the power of the most prevailing wind. And full of hot wind as well. His remarks are no doubt tailored to any momentary topic. As Blip writes ‘so long as he gets a significant reaction from the readers that’s all that matters’.

    I think I have seen both he and Paul Henry receiving women’s magazine fawnery, coupled with their mothers. Mothers with limitless support of their offspring have a lot to answer for.

  14. Jenny 14

    ‘L’ is the last letter in the word PERIL.

    That a respected member of the status quo, is currently questioning the legitimacy of a system that rewards the rich to the detriment of the rest of society, is surely a sign of the times we live in.

    According to the P.E.R.I.L theses:

    Today, for the first time since its birth 500 years ago, global capitalism is facing the convergence of five system-level crises embracing nature as well as society:

    Profitability crisis.

    Ecological crisis.

    Resource crisis.

    Imperial crisis.

    Legitimacy crisis.

    (From the essay ‘Beware! The end is nigh! by Grant Morgan.)

  15. Drakula 15

    Does it have to be a NZ celebrity? Apart from the tag, It could be a NZ version of a George Soros.
    On the surface of it, I agree with the content.

    I heard on the radio the other day that finance companies were only 6% of the whole financial market and by enlarge anyone including the kid who leaves school, can set up business and call themselves ‘financial consultants’.
    And those who invest with such outfits? Should we sympathise? And should the tax-payer bail them out?
    Respectfully

    Drakula

  16. Cactus Kate 16

    It is all about consistency.

    I don’t believe in welfare. Corporate or otherwise. Why would I want a bailout for any “investor” when I strongly oppose giving beneficiaries money for no apparent reason?

    I also don’t believe in government intervention in a marketplace. Again, why would I ever support transferring wealth from those who cannot even afford to deposit money with SCF to those who can?

    • Loota 16.1

      Once a member of the community is no longer fit enough to chew the leather any more, why should they be allowed to share in the tribe’s provisions, is that it? That’ll be a society worth living in and contributing to.

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