Monday, 2 July 2012
The real Euro soccer result?
EURO soccer championship result: Barclays Premier League:Lots - Others:less
While several of England’s premier league soccer players like Mario Balotelli, have bathed in two weeks of soccer glory, a story that didn’t initially have much media clout outside the financial pages was the demise of Marcus Agius the chairman of the British bank which “owns” the English Premier League, or, as I should properly have put it, the "Barclays Premier League". Agius was fired for fixing rates and thus, intervening in the "free play" of the marketplace, an ostensible no-no ,i.e. the non-interference, not the interference (I know it's confusing - the neo-con aka neo-liberal economic geniuses like Alan Greenspan who got us into this mess have admitted their own "bewilderment", though not their public indebtedness of course), in today’s post 2008 financial crisis environment, which has seen regulation return to the marketplace, at least for the time being, or, more precisely, at least as a topic for discussion. Less ironic than revealing, perhaps, that the value of Barclays premier league players continue to grow while the reputation of at least one of the same bank’s leaders takes a fall. At a time when irony seems quaintly outdated, the fact that Barclays started, way back, way, way back, as a Quaker bank and that Agius' manipulations likely caused his fellow 1%-ers the most immediate inconvenience, making him a kind of true believer in the dishonour among thieves code, these matters we shall pass by. In commerce, if not football, there are some teams that never lose, whatever the score. Even Spain, now victorious in three consecutive soccer championships, did, and will, lose once in a while. But with 20% unemployment, and rising, it is the people of Spain who are losing right now, even as their soccer players and teams reap even greater rewards. Are we back to the days of bread and circuses? If I were in Spain I might start to think so, even though there’s little work to whistle my victory song to.