George Osborn selected  Canadian Mark Carney to take over from Mervyn King amid great excitement in the City of London,  but who is he and why the euphoria? Mark Carney is head of Canada’s central bank. He worked at Goldman Sachs multinational bank for 13 years in London, Tokyo and Toronto where he was head of investment banking.  He is a leading player in the world casino of speculative gambling that Goldman Sachs fostered, with help from the US and British government and other banks.

 

 

 

Many main stream commentators have suggested Mark Carney will change the Tory government policy on public spending. But his move is because of the discredited leadership at the bank of England over such things as fiddling the international banking exchange Libor rate. They needed a pair of ‘clean hands’ or rather someone who they sold as having clean hands. They needed someone who will continue the policy of making the rich richer, the poor poorer and finish the welfare state. This is Mark Carney.

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In January 2012 the Financial Times said Carney is “the leading example of a new breed of ambitious, internationally focused central bankers who view regulatory and monetary policy issues through a more market-based lens”. That means Carney will give global capital markets even more free rein and plan to rip up the last remains of the welfare state. He will be paid nearly 1 million pounds and will give many more billions to the banks.

 

His appointment is a prelude to another onslaught on the working class. His aim will be to maintain the banks by giving them public money (called quantative easing). They will not survive without it. This is the real meaning of his appointment, to help destroy the welfare state in 2013 and 2014, while transferring huge sums to the private banks from public funds and demanding more austerity at the same time.

 

Carney’s appointment means the US government and banks have their man as a head of the City of London.  Unions, workers, young people, pensioners, build a national struggle against these policies of the government and the City of London and Mark Carney.

 

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