Interesting

Apparently, the government borrowing the money to pay for universities, leaving the generation enjoying the universities to pay back the loans and the interest, is entirely different from the students borrowing the money to pay for their own education, they then being liable for paying back the capital and the interest.

And all this to achieve the ultimate goal – a new line of securitised debt obligations that can be sold in financial markets for trade to underpin the returns of the owners of capital – or more especially, those who trade in the assets that those owners of capital make available for that purpose, for the owners of capital – often those contributing to the underperforming pension funds they are forced to subscribe too as a result of the failure of the state to supply a decent alternative – are in the majority of cases denied any option about how their assets are used and traded by those who have created opaque mechanisms to capture much of the income arising from them to service the demands of a financial elite.

Yup, that\’s right. Student loans which are not securitised and sold are beholden to financial capital far more than gilts which are sold to financial capital.

6 thoughts on “Interesting”

  1. I’ve read that abysmally carpentered sentence three times, and it doesn’t get any better with familiarity. El Murpho should have cut it into three separate parts at least, although that may have made his gibberish more plainly visible.

  2. There is one important difference.

    The Government borrows the money to pay for universities the Government wants, leaving the generation enjoying the universities the Government wanted to pay back the loans and the interest.

    The alternative: Students get the education *they* think is right in subjects and establishments *they* elect to support and *they* pay for it.

  3. I might have missed something, but is that Murphy complaining about the government raising capital from the markets? That is, the same Murphy who thinks that pension funds should all be corralled into buying more government debt? No, for surely not even he could be that inconsistent!

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