Is what he's getting at not that the banking sector has been treated differently to the rest of the private sector ?Myers also manages to invent a new three-way distinction for the economy: the private sector (yaaay!), the public sector (boo! hiss!) and the banking sector (huh? wasn't that part of the former?). He might as well have carved out a separate property development and construction sector to further place the private sector on a pedastal, and ignore the inconvenient private sector causes of the boom and bust. But then his readership might not appreciate that home truth.
I agree. You would find similar waste in almost any public service, or in almost any private company. I once worked for a major American corporation, now long since taken over, and many of its excesses in good times are not far from what we saw in Fas e.g. two technicians were sent to the US for "training" and disappeared on the p*ss for two days. They were not disciplined.He's right but it's an oversimplification.
There's corruption and there's also a very large element of believing your own hype. I don't think it's much different to the USA or the UK situation, it's just far worse.
Thats not true, he always condemed all murder.he's mostly right, but to say paisley was right is ************************************************. paisley was a cheerleader of sectarian murder. no one person was as responsible for the troubles as paisley.
as for the rest it's depressingly true. ireland was run by cowboys with a mandate
Nice one.Factual errors (e.g. there isn't an annual budget deficit of 30% - the annual deficit is currently running at c11.4% and is aimed to be under 10% in 2011).
No comparative analysis - our debt levels are now high but coming off a low base due to correct govt policy of reducing them in the boom years - something England, France, US, etc didn't do
And most importantly (and I would say damningly for a journalist but it has actually become the norm for Irish journalists) massive over simplification - there is no grey it's all black and white. Private Sector = Good, Public Sector = Bad. The fact is there is loads wrong and right with both.
Ultimately a somewhat pointless self serving article from Myers
Myers somehow conveniently forgets that corporate tax for the private sector is at an obscenely low 12.5%. He also conveniently 'forgets' that Fianna Fail is STILL desperately trying to 'give away' Ireland's last extremely valuable natural resources to foreigners - SHELL AND CORRIB GAS ARE SITTING ON THE VERGE RAPING US AND THE GOVERNMENT IS ENCOURAGING THEM -- they are the PIMPS!Hmmm... an article attempting to explain Ireland's plight that doesn't mention the popular madness of the property bubble? Or the deference to private interests by regulators and the (bought) government?
Ah yes, it's the Daily Express (lifted from the Spectator).
Myers also manages to invent a new three-way distinction for the economy: the private sector (yaaay!), the public sector (boo! hiss!) and the banking sector (huh? wasn't that part of the former?). He might as well have carved out a separate property development and construction sector to further place the private sector on a pedastal, and ignore the inconvenient private sector causes of the boom and bust. But then his readership might not appreciate that home truth.
He also shows his ignorance or agenda by stating falsely that "the bank rescue scheme" was "obligatory under EU law". Perhaps the same explanation lies behind his choice not to mention that it's the EU providing much of the rescue funds for Ireland.
And it's just bizarre of Myers to state that events being examined by Tribunals are "irrelevant historical events". His piece is about Ireland's descent to where it finds itself - how is corruption, especially in planning, irrelevant to that?
Perhaps the real tragedy of Ireland's situation is that is was caused by gross misconduct and recklessness in both the public and private sectors, and that was exacerbated by a class of commentators who prefer to take sides rather than tell it like it is/was. No state folly, port tunnel and Terminal 2 included, comes close to matching the madness of the banking sector, particularly in how it explains Ireland's collapse.
(Also, there are not thousands of ghost estates, the 30% budget deficit really is a once-off figure and Jim McDaid TD is no more part of "the public sector" than is George Osborne MP.)