Another thought about the cause of riots in the UK
While PM Cameron is taking swipes at parents, schools, and unemployed young men, there's another view about the cause of rioting in the UK.Alan Carter from Oxford sent me this link almost two weeks ago and it got lost in the mess in my inbox. (Thanks and sorry, Alan.)
The two week lapse does offer a reminder of how quickly some things, even important things, can get lost in our rush to "keep up" with events. The riots in the UK are still fodder for debate about government policies and the roles government should play.
BTW, the picture from The Guardian is especially painful to me because the burning car looks like a Miata of the same vintage (early '90s) as mine.
UK riots were product of consumerism and will hit economy, says City broker
The recent riots in London and other big cities were the product of an "out-of-control consumerist ethos" which will have profound impacts for the UK economy, a leading City broker has said.
A masked man in Hackney during the early August riots. The report by Tim Morgan, of Tullett Prebon, says our country's consumerist ethos has 'extremely damaging consequences. Photograph: Peter Macdiarmid/Getty Images
The report by the global head of research at Tullett Prebon, Tim Morgan, is part of a series in which the brokerage analyses bigger issues for the UK…
The note pinpoints the philosophy behind the riots as consumerism…
[Morgan's report says,] "The dominant ethos of 'I buy, therefore I am' needs to be challenged by a shift of emphasis from material to non-material values…"
And, if there is a shift to "non-material values," where will that leave a brokerage like Tullett Prebon?
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Labels: cleavages, economics, politics, UK
posted by Ken Wedding @ 8:42 PM
1 Comments:
Alan Carter sent me a link to another offbeat thought about the riots in the UK.
The author, Ryan Blair, may be mistaken about gang involvement in the riots. Home Secretary Theresa May was quoted today as saying (in spite of PM Cameron's assertions) that "The 'majority of people' involved in the riots appear not to have been in gangs…
"Theresa May told MPs it appeared the role of gangs was 'not as high as people first thought'. In London 19% of those arrested were gang members…"
Today’s rioter may be tomorrow’s entrepreneur
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During the week of the UK riots, the images in the news brought me right back to where I started. I watched mobs of masked and hooded arsonists in London and other English cities doing exactly what we did during the Los Angeles riots of 1992… I know because I was there…
"I know first-hand that the solution to the problem of disaffection and deep-seated unrest among the young is mentorship and entrepreneurship…
"As I got more experience, I found out that there are a lot of similarities between leading a gang and running a business. Gangs are corporations. Some of them have area sales management systems, vendor financing (the fronting of merchandise) and even “sales training”. Show me a successful gang and I’ll show you a successfully led recruiting, retailing and leadership-driven compensation plan…"
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