from Press TV:
Watch:
http://www.presstv.ir/detail/155036.htmlPress TV interviews Professor of Binary Economics, Rodney Shakespeare regarding tuition hikes in England and the opportunity students have to change the elite's financial exploitation of the populous.
Press TV: To discuss this tuition fee hike, we are being joined by Professor, Rodney Shakespeare. He is a Professor of Binary Economics. He is speaking to us from London. Many thanks for joining us here on Press TV Sir. Now the General Secretary of the lecturer's union, the (UCU ) has said and I quite, “The MPS need to think long and hard about whether or not they really think record fee levels benefit their constituents or their international reputation.” Are the tuition fee hikes a step in the right direction or just a quick fix in your opinion?
Shakespeare: They are a quick fix. It is not just 9,000. If you go with travel, rent, food and living expenses, the students will be on 20,000 a year, and over three years it's 60,000. The students are sensing that there is a bigger issue than just their own student fees. It's really about global financial elite making its move to control everybody by putting them into debt and to poverty. It's not just for the students, but also their children and grandchildren. So what should the students do? At the moment they are saying two things. They are saying abolish the monarchy, but that is only a small amount of money. Then they are saying get rid of Trident. But the problem there is you would have to an almost universal disarmament across the board.
Now there is one thing that the British students can do, and that is they can link up with the European students and can create very quickly a very powerful political movement. They should demand that either the National Bank (the Bank of England) or the European Central Bank give interest free loans to students. They should demand because they must take their campaign beyond themselves and beyond their own self interest. They should demand that the National Bank (the Bank of England) or the European Central Bank issue interest-free loads for public capital projects. That would start to actually get the money out and get the jobs, and get the economy going. Now there are other things they can do, but those things are very clear, very simple and because it's known at the moment that the banks do create the money, it can be interest free and that should be done for student loans. Do that and they will strike right at the heart of this corrupt and failing system, and they will make surprising progress and they will have something in which they can link up with students not just in Europe but around the world.
Press TV: In his defense, the Prime Minister said and I quote again, “If we want to see university education expand, and if we want to see universities well funded, we have to work out where that money is going to come from.” Now with this radical push for his policies, are we seeing the demise of the welfare state in Britain which was once its joy and pride?
Shakespeare: Yes of course. As things stand, the Prime Minister is a noodle who does not understand why the situation has happened, and he has no serious positive policies to get out of it. All he understands is the demise of the welfare state. But the students cannot defend something which in the situation they are going to be crushed by the police. They've actually got to come up with a positive solution. They will not be enough just to protest against student fees because the way the policies are operating at the moment it will then hit other people. They have to go to the heart of the matter, which is to hit at the weakness of the system and hit at the thing which creates all the trouble which is interest-bearing money, not just administration cost, and the way it works: more and more debt and when things go wrong, more and more interest baring money. Let the students go for their own interests and demand interest free loans. That will be the first crack on the paradigm which dominates the system at the moment. The second crack will come when suddenly they realize that they can actually get people in for work. They can actually protect jobs if the financing is done with interest-free money and not interest-bearing money. ............(more)
The complete piece is at:
http://www.presstv.ir/detail/155036.html 
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