Tag: currency speculation

Carnaval, Right To Protest & Tobin – 2005

Carnaval, Right To Protest & Tobin: On Sunday 7th August 2005 I began by photographing London’s Latin Americans getting ready for the Carnaval Del Pueblo procession, then went to Parliament Square for an illegal protest against the Serious Organised Crime and Police Act 2005 which had come into force on August 1st and among other things restricted the right to demonstrate within a large area around parliament without prior written notice to the police. Finally another illegal protest on Westminster Bridge expressed support for the Tobin Tax, a low rate of tax on currency conversions with the aim of discouraging short-term currency speculation and so stabilising currency markets. Here is what I wrote about the day in 2005 with some pictures and links to more on My London Diary

Carnaval del Pueblo – Southwark

Carnaval, Right To Protest & Tobin - 2005

Sunday I started off photographing London’s Latin American communities getting ready for the start of their annual Carnaval Del Pueblo procession. This year it was starting from Potters Fields near the GLA headquarters, on an empty site awaiting development, rather than from a street, and this made photography a little more difficult.

Carnaval, Right To Protest & Tobin - 2005

It was good to see so many groups taking part, although I found it very difficult to sort out the different nations, and found myself unable to recognise most of their national flags.

Carnaval, Right To Protest & Tobin - 2005

This procession, making it’s way to Burgess Park where there is a Latin-American Festival, is one of London’s most colourful events, with some costumes to rival those seen at the much larger annual Notting Hill event at the end of the month.

Carnaval, Right To Protest & Tobin - 2005

I was sorry not to be anle to go on to the festival, especially since there was to be a short period of silence to mark the tragic shooting by police of the innocent Brazilian electrician, Jean Charles de Menezes, on a tube train at Stockwell Station the day following the second round of bombings in London.

I followed the procession up to London Bridge Station where I needed to get on a train to get to Westminster.

More pictures

The Right to Protest – Parliament Square

Police arrest a demonstrator in Parliament Square, London. The crime? Holding a protest banner. Welcome to Britain, the police state (not that I think the police particularly welcome it.).

Britain once had a deserved reputation as a haven for free speech and the rights of the citizen. A number of acts by our New Labour government have seriously curtailed these freedoms – including introducing a number of measures that they had opposed before they came to power.

Some of these measures have just been a part of the general trend to central control begun under Thatcher, but others have been brought on by the threat of terrorism and even more by the growth of opposition to government policies, and in particular to the war on Iran.

Formerly a life-long supporter of the party it saddens me, and angers me. One of the signs that Brian Haw holds in a picture is a quotation from a speech by Condoleeza Rice in January 2005, when she said “if a person cannot walk into the middle of the town square and express his or her views without fear of arrest, imprisonment, or physical harm, then that person is living in a fear society, not a free society. We cannot rest until every person living in a ”fear society” has finally won their freedom.”

New restrictions have been brought in that move Britain into that realm of a “fear society”.

This afternoon I saw five people arrested for simply peacefully holding banners supporting the right to protest. It happened on the square opposite our Houses of Parliament, and it made me feel ashamed to be British.

Although the law was passed largely to get rid of Brian Haw, it turns out not to alter his right to be there, as his protest started before the act became law and is thus not covered by it. Rather a lot of egg on government faces there.

[The High Court decision that agreed Haw was not covered by the Act was overturned by the Court of Appeal in an alarming decision in May 2006.]

More pictures

The Westminster Tea Party – Time for Tobin Tax

Holding up tea bags on Westminster Bridge

In 1978, Nobel Prize-winning economist James Tobin proposed a uniform world-wide tax at a very low level – perhaps only 0.2% – on all foreign currency exchange transactions. The aim was to deter speculation on currency movements, thus giving the elected governments greater control over their fiscal and monetary policies, and reducing the power of unelected speculators (who include some of the larger multinational companies) to affect the markets.

Exporters, importers and long-term investors would all benefit from less volatile exchange rates, and the revenue raised by the tax could make a significant contribution both to the revenue of national economies and also for international development projects.

As a small gesture of support for the Tobin Tax, another illegal demonstration took place in Westminster this afternoon, unnoticed by police. A small group of demonstrators, again following an example from Boston – although this time from 1773 – chose tea as a way to symbolise their protest. Each threw a teabag, produced by one of the giant corporations, from the middle of Westminster Bridge into the River Thames below.

A couple more pictures at the bottom of this page on My London Diary.

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Freedom and the Law

Freedom is something we almost universally value, but which is often hijacked by various groups, particularly on the extreme right to support particular causes which have little real connection with our undamental rights. Freedom is certainly not the freedom to do what we like regardless of the effect it has on others.

Freedom is not the right to own and carry guns or other weapons. It isn’t the right to spread disease we may have by not taking sensible precautions such as wearing a face mask in crowded places. It isn’t the right to increase the risk of others getting lung cancer or to drive after consuming alcohol or drugs.

Arguably the most important of our freedoms is the right to hold and express political and religious ideas and to express these. But that is not absolute, and rightly there are laws against hate speech and incitement to others to commit criminal actions or threaten the lives of others.

Back in 2005, the Labour government brought in a law to criminalise protest in Parliament Square. It was clearly a law which imposed unnecessary restrictions on our freedom and one which was brought in for a trivial reason, to end the embarrassment to the Labour ministers of one man, Brian Haw, continuing to protest, particularly over Iraq war and its disastrous consequences. That Tony Blair was annoyed by a regular reminder of his lies was not a suitable basis for legislation.

A regular series of harassment by police and others – almost certainly at the urging of the Home Secretary – had failed to shift this persistent protester, and civil servants were ordered to add a section to the bill which became the Serious Organised Crime and Police Act 2005 to make his protest illegal. In the event the act failed to apply to his protest and I wondered if this was a little deliberate subversion by at least one of those responsible for its drafting rather than simple incompetence. Because his protest had begun well before the SOCA law came in on 7th April 2005, it was apparently not covered by it. As I commented, “rather a lot of egg on government faces there.” This initial ruling by the High Court of Justice was eventually overturned by the Court of Appeal and these sections of the law were replace by other restictive laws in 2011.

On Sunday 7th August 2005, protesters came to Parliament Square to deliberately disobey the law, and the police came, some rather reluctantly, under orders to arrest them. The protestors argued that protest is a human right and cannot be restricted by law in a free society.

Brian Haw was there, but protesting legally as it appeared that the act didn’t include him. He held up a placard with the words from a speech in Boston by US Scretary of State Condoleezza Rice:
“if a person cannot walk into the middle of the town square and express his or her views without fear of arrest, imprisonment, or physical harm, then that person is living in a fear society, not a free society. We cannot rest until every person living in a ‘fear society’ has finally won their freedom.”
interleaved with his own comments on Guantanamo, Abu Ghraib, Belmarsh and the Iraq war and more.

The police swooped on a few of those with posters or placards and arrested them, leading them away but their heart was clearly not in it and the great majority of the protesters were untouched, though
they were warned that their protest was illegal. As I commented: ” I saw five people arrested for simply peacefully holding banners supporting the right to protest. It happened on the square opposite our Houses of Parliament, and it made me feel ashamed to be British.”

When the protest in Parliament Square ended, protesters were invited to take part in another illegal protest inside the one km restricted zone around Parliament, but on Westminster Bridge. Again taking their lead from Boston, though this time from 1773, and tipping tea into the water, campaigners calling for a low-level tax on foreign currency exchange transactions, as proposed by Nobel prize-winning economist James Tobin in 1978. This would deter speculation on currency movements, giving governments greater control over their fiscal and monetary policies, and reducing the power of speculators to affect the markets.

The connection between the tea bags torn to tip tea into the Thames, produced by large multi-national companies who are among the currency speculators, and the Tobin Tax, seemed a little weak – as doubtless was the brew in the river – though it did all alliterate nicely for the Westminster Tea Party – Time for Tobin Tax.

We are now seeing a law going through Parliament which will even further restrict our right to protest, increasing discriminatory policing, criminalising some traditional ways of life and seriously restricting and controlling protests in a huge shift further towards a police state. Unfortunately a large Conservative majority makes it seem inevitable that our freedoms will be significantly reduced.

More on My London Diary for August 2005.

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