Mystery rant

Written By: - Date published: 9:50 am, September 8th, 2010 - 31 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. …

31 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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    Lost In Political Space: The most important takeaway from this latest Labour sexual assault scandal, which (if I may paraphrase Nixon’s White House counsel’s, John Dean’s, infamous description of Watergate) is “growing like a cancer” on the premiership, is the Labour Party organisation’s extraordinary professional paralysis in the face of ...
    1 week ago
  • Union solidarity with Ihumatao land occupation
    by Daphna Whitmore Every Sunday for the past two months unionists from First Union, with supporters from other unions, have set out to the Ihumatao land protest, put up gazebos and gas barbeques, and cooked food for a few hundred locals and supporters who have come from across the country. ...
    RedlineBy Daphna
    1 week ago
  • Climate Change: The wrong kind of trees?
    Newsroom today has an excellent, in-depth article on pine trees as carbon sinks. The TL;DR is that pine is really good at soaking up carbon, but people prefer far-less efficient native forests instead. Which is understandable, but there's two problems: firstly, we've pissed about so long on this problem that ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • No freedom of speech in Turkey
    Canan Kaftancioglu is a Turkish politician and member of the opposition Republican People's Party (CHP). Like most modern politicians, she tweets, and uses the platform to criticise the Turkish government. She has criticised them over the death of a 14-year-old boy who was hit by a tear gas grenade during ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Speaker: Tadhg Stopford: Why I’m standing for the ADHB
    Hi there, just call me Tim.We face tough problems, and I’d like to help, because there are solutions.An Auckand District Health Board member has nominated me for as a candidate for the ADHB, because her MS-related pain and fatigue is reduced with hemp products from Rotorua.  Nothing else helped her. If I ...
    1 week ago
  • Good little vassals
    The Inspector-General of Intelligence and Security has published their report on whether the SIS and GCSB had any complicity in American torture. And its damning. The pull quote is this:The Inquiry found both agencies, but to a much greater degree, the NZSIS, received many intelligence reports obtained from detainees who, ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Who Shall We Turn To When God, And Uncle Sam, Cease To Defend New Zealand?
    Bewhiskered Cassandra? Professor Hugh White’s chilling suggestion, advanced to select collections of academic, military and diplomatic Kiwi experts over the course of the past week, is that the assumptions upon which Australia and New Zealand have built their foreign affairs and defence policies for practically their entire histories – are ...
    1 week ago
  • The Politics of Opposition
    For most of the time I was a British MP, my party was out of government – these were the Thatcher years, when it was hard for anyone else to get a look-in. As a front-bencher and shadow minister, I became familiar with the strategies required in a parliamentary democracy ...
    Bryan GouldBy Bryan Gould
    1 week ago
  • More expert comments on the Canadian fluoride-IQ paper
    The Green et al (2019) fluoride/IQ is certainly controversial – as would be expected from its subject (see If at first you don’t succeed . . . statistical manipulation might help and Politics of science – making a silk purse out of a sow’s ear). Anti-fluoride campaigners have been actively promoting it ...
    1 week ago
  • The return to guerrilla war in Colombia
    by Gearóid Ó Loingsigh On August 29th a video in which veteran FARC (Revolutionary Armed Forces of Colombia) commander Iván Márquez announced that they had taken up arms again was released. There was no delay in the reaction to it, from longtime Liberal Party figure and former president Uribe, for ...
    RedlineBy Admin
    1 week ago
  • Air New Zealand identifies this enormous plot of unused land as possible second airport site
    Air New Zealand couldn’t believe its luck that this seemingly ideal piece of real estate had so far gone entirely unnoticed. Air New Zealand’s search for a site to build a second Auckland Airport may have made a breakthrough this afternoon, after employees scanning Google satellite imagery spotted a huge, ...
    The CivilianBy admin
    2 weeks ago
  • Redline on the Labour Party
    No-one on the anti-capitalist left in this country today puts forward a case that Labour is on the side of the working class.  There are certainly people who call themselves ‘socialist’ who do, but they are essentially liberals with vested interests in Labourism – often for career reasons. Nevertheless, there ...
    RedlineBy Admin
    2 weeks ago
  • New Fisk
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Labour’s failure
    When National was in government and fucking over the poor for the benefit of the rich, foodbanks were a growth industry. And now Labour is in charge, nothing has changed: A huge demand for emergency food parcels means the Auckland City Mission is struggling to prepare for the impending arrival ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Ardern attempts to vaccinate Clarke Gayford live on television to prove that it’s safe
    Gayford, pictured here on The Project, before things got wildly out of control. A bold public relations move by the Government to encourage parents to vaccinate their children has gone horribly wrong. Prime Minister Jacinda Ardern appeared on tonight’s episode of Three’s The Project, where the plan was for her ...
    The CivilianBy admin
    2 weeks ago
  • Has Mr. Whippy gone too far by parking on our front lawns?
    Mr. Whippy’s business model has driven it down a dark road of intimidation. Residents in major centres around the country are becoming disgruntled by the increasingly aggressive actions of purported ice cream company Mr. Whippy, who have taken to parking on people’s front lawns and doorsteps in a desperate attempt ...
    The CivilianBy admin
    2 weeks ago
  • Cleaning up the water
    Today the government released its Action Plan for Healthy Waterways, aimed at cleaning up our lakes and rivers. Its actually quite good. There will be protection for wetlands, better standards for swimming spots, a requirement for continuous improvement, and better standards for wastewater and stormwater. But most importantly, there's a ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Fronting up
    Today I appeared before the Environment Committee to give an oral submission on the Zero Carbon Bill. Over 1,500 people have asked to appear in person, so they've divided into subcommittees and are off touring the country, giving people a five minute slot each. The other submitters were a mixed ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Politics of science – making a silk purse out of a sow’s ear
    Anti-fluoride activists have some wealthy backers – they are erecting billboards misrepresenting the Canadian study on many New Zealand cities – and local authorities are ordering their removal because of their scaremongering. Many New Zealanders ...
    2 weeks ago

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