From the New Economics Foundation.As they say:
Portraying investment banks as a giant vampire squid wrapped around the face of humanity, a new animation from The Great Transition campaign of nef (the new economics foundation) is launched today, Monday 6 December, aimed at increasing public pressure on government to take on the banks and not sweep the issue under the carpet.
The animation ask politicians if they have a plan to tame the banks, and if not, why not?
The one minute animation is backed by a wide range of influential pressure groups including: Compass, ResPublica, 38 Degrees, World Development Movement, Tax Research and the Post Bank campaign. The animation is part of the fast-growing counterweight to the power of the banks and is launched the day before the Eric Cantona-inspired run on the banks (bankrun2010), that has seen grassroots public campaigns spring-up in 15 nations.
It may not be to everyone’s taste.
But I like the image — because it is so obviously true.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
But the concept of the vampire squid in the context of finance came from a quite brilliant Rolling Stone article by Matt Taibbi on Goldman Sachs, so it is not exactly original work by nef, is inferior to the original, and may in fact breach copyright.
In my inexpert view a sidebar link to Rolling Stone on the nef page you link to is not adequate to make clear that the nef work is derivative of that original Rolling Stone work. To my mind the article implies the idea is original to nef.
@roger rabbit
I admit I wasn’t aware of that
I’ll tell them