The party defines itself by the five core policies. So that members and non-members clearly understand what the party stands for, these cannot be changed. At present they are principles the details of which will be decided according to the party constitution
All other policies will be decided according to the constitution
Below is a provisional list of headings for the Mani-festo each with a link to a page
That page contains provisional ideas for discussion.
Read this, as work in progress. Only DRP paid up members can comment and so if you want to have your say:
Constitutional Court Supreme Court
Functions of Government Public Services Board Monetary Policy Board
National planning strategies
Coordination of regions
ISSUES DISCUSSED IN THE NEWSLETTERS NOT LINKED TO THE MANIFESTO
British Republican History
4 Banning of exotic financial instruments
It is well known that the banks and the financial services have engaged in all sorts of financial trickery using “exotic instruments” that play havoc with the world and national economies. These instruments become ever more complicated and ingenious making the regulation of them by authorities such as the British Financial Services Authority (FSA) difficult to impossible. As a result the FSA, for instance, has to resort to an unhealthy exchange of staff and opinion with the banks in order to give the suggestion at least of some control. The result is that the big banks and their “advisors” to a large extent determine what the regulator does for the latter is dependent on their cooperation.
So what is to be done? There is a lot of talk of “derivatives” as being a great part of the problem of the banks manipulating the financial system. But without going into the details here of how derivative function we simply note that derivatives according to their old definition (i.e. pre-1992) are not the problem. The problem is with so-called “credit derivatives”. But these are not strictly derivatives at all. These instruments are wholly malign for the general economy and do not correspond to the way the players in a capitalist economy should naturally behaves. Credit derivatives should be banned outright.
They are the second in our list of instruments that should be banned because they are the second oldest. The oldest is the process of securitization which began in the 1960 but came into its own following Margaret Thatcher’s “Big Bang” of 1986. We begin with these not just because they are the oldest but because they for the others to be built.
ifesto ready for the 2015 General Election to create a society of Virtue, Freedom, Aspiration, Wealth and Peace for all
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