Beppe Grillo on his blog: “Italy and the 5 Star Movement show the way to sustainable finance”

Beppe Grillo on his blog: “Italy and the 5 Star Movement show the way to sustainable finance”
Beppe Grillo on his blog: “Italy and the 5 Star Movement show the way to sustainable finance”

A post on his blog. A political writing that speaks of finance, which can no longer be speculative – as it has always been and up to now – but rather sustainable. And this must be the way that Italy and the 5 Star Movement they must indicate and for which they must work. It is the message of the founder of the M5s Beppe Grillo, which goes back to talking about economics. There Premise it is the great crisis of 2007/2008: “The memory of many people is short and, like naivety, it is usually inversely proportional to the culture possessed. Here, therefore, is that the ‘lesson’ of the great crisis of 2007/2008 has already been forgotten by many, thanks to the vicious circle between finance itself, politics, large companies, and the mass media which too often are financed by the three subjects aforementioned – wrote Grillo – Therefore, although it is now an established historical fact and incontrovertible that big finance is structured on a very fragile pedestal of bets and speculations, both risky and immoral, we continue not to make the necessary adjustments, and therefore suffer very serious and very expensive consequences in both economic and human terms “.

In this state the emergency has entered Covid and for this reason “now politics with a capital ‘p’ can no longer tolerate all this”. According to the founder of the Movement, the pandemic “has ‘brought the knots to a head’, and is warning us that we can no longer continuation with the business as usual, that is, as usual “. Despite this, however, nothing has moved “if now practically no one in the world discusses how indispensable the transition from ‘fossils’ to ‘renewables’ is in the energy sector” and since it is “still too scarce is the debate and the consequent actions for the transition from onefinance speculative‘to one’finance sustainable‘”.

Grillo then underlined that “the I earn it is a sacrosanct value, entrepreneurial initiative is free, but as art. 41 of our beautiful Constitution, ‘cannot take place in contrast with social utility or in a way that could damage security, freedom, dignity Human‘, which instead is damn and enormously doing ”. The former comedian then reviewed the ‘evidence’ of his thesis: “From the financing to the war sector, to those to the fossil sector that still continue, from involvement in recycling of dirty money to business relationships with multinationals that deforest, up to the most recent phenomenon of aggressive marketing towards millions of individual citizens – explained Grillo – in which they promise earnings fabulous in the face of moderate investments, which instead almost always end up exclusively fattening the manager and ruining the citizen, with thousands of cases in Italy that are rapidly multiplying due to the very high number of approach calls that flatter citizens ”. To corroborate his analysis, Grillo also provided a given significant: “Only one data to make the entities we are talking about understand: from the beginning of pandemic, globally, the money made available by governments around the world to restore the damaged and fight the virus was 10 trillion in actual spending and then 6 thousand in loans and guarantees (Source: International Monetary Fund – Fiscal monitor April 2021 end of page 9). Well – is the explanation of the founder M5s – then 16 trillion of aid globally for Covid19, while the money that was made available between 2008 and 2010 to counter the major banking crises of that time was about double (approximately because there are no ‘official’ reports on the matter) ” . Could not miss the huge story of tax avoidance “thanks to which so many multinationals (not only the large ones, the phenomenon is now widespread even in the medium and small, through offers and management via the internet) do not pay the taxes due, with the result that all the others must also pay their share, to make work the state”.

After exhibiting the painting, Cricket he came to the conclusions: “Italy alone cannot be decisive. However, it can, and must, raise the issue with great force, both in Brussels at theEuropean Union, both in other international fora, calling together the ‘States of good will’ – he underlined – Just as Europe is finally thinking of implementing a more efficient mechanism to make polluters pay, now it is finally going concretized a tool to curb financial speculations, that is 95% of total transactions, and which are probably partly responsible for the recent generalized rise in commodity prices that we have all been aware of recently. This fee it would not weigh on the pockets of ‘normal’ citizens – underlined Grillo – but only on those subjects who operate heavily on speculative markets, while vice versa it would bring about 200 billion euros into the EU public coffers. The European Parliament has been talking about it since 2011, for 10 years ”. For this reason, concluded Grillo, “we can no longer wait, the M5S and Italy indicate the direction“.

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