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Britain's former chief prosecutor has attacked Labour's record on tackling financial crime and declared that fraudulent bankers are more of a danger to society than terrorists.
Sir Ken Macdonald said that Britain's system for regulating markets and prosecuting City crimes had completely broken down.
Sir Ken, who served as Director of Public Prosecutions between 2003 and 2008, said: 'If you mug someone in the street and you are caught, the chances are that you will go to prison.
'In recent years, mugging someone out of their savings or their pension would probably earn you a yacht.'
In his first major announcement since leaving office, Sir Ken called for tougher regulation and a single, powerful authority to replace the 'failed' Financial Services Authority and the 'struggling' Serious Fraud Office.
Sir Ken continued: 'So no one likes terrorists? Let's bring in lots of terror laws, the tougher the better. Let's lock up nasty people longer, and for longer before they are charged.
'This frequently made useful .lines. But it didn't make our country or any other country a better or safer place to live.'
Figuring out what’s wrong has become a global preoccupation. People of all ages are working on it —people of every social and economic class, every political persuasion. Ten-year-old kids are trying to work it out. I know this because they talk to me about it. I know this because I’ve seen them pause in the midst of play to give it their attention.
Every year more and more children are born out of wedlock. Every year more and more children live in broken homes. Every year more and more people are bruised and battered by crime. Every year more and more children are abused and murdered. Every year more and more women are raped. Every year more and more people are afraid to walk the streets at night. Every year more and more people commit suicide. Every year more and more people become addicted to drugs and alcohol. Every year more and more people are imprisoned as criminals. Every year more and more people find routine entertainment in murderous violence and pornography. Every year more and more people immolate themselves in lunatic cults, delusional terrorism, and sudden, uncontrollable bursts of violence.
The theories that are advanced to explain these things are for the most part commonplace generalities, truisms, and platitudes. They are the received wisdom of the ages. You hear, for example, that the human race is fatally and irremediably flawed. You hear that the human race is a sort of planetary disease that Gaia will eventually shake off. You hear that insatiable capitalist greed is to blame or that technology is to blame. You hear that parents are to blame or the schools are to blame or rock and roll is to blame. Sometimes you hear that the symptoms themselves are to blame: things like poverty, oppression, and injustice, things like overcrowding, bureaucratic indifference, and political corruption.
These are some of the common theories advanced to explain what’s gone wrong here. You’ll hear others. Most of them have to be deduced from the remedies that are proposed to correct them. Usually these remedies are expressed in this form: All we have to do is . . . something. Elect the right party. Get rid of this leader. Handcuff the liberals. Handcuff the conservatives. Write stricter laws. Give longer prison sentences. Bring back the death penalty. Kill Jews, kill ancient enemies, kill foreigners, kill somebody. Meditate. Pray the Rosary. Raise consciousness. Evolve to some new plane of existence.
Originally posted by malcr
The answer is simple : Respect.
The respect we have towards one another has all but gone. We are a society of individuals with selfish goals. Look after number one to the detriment of all others.
That attitude explains it all.