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No lobbying… September 29, 2020

Posted by WorldbyStorm in Uncategorized.

A sign of the times, in more ways than one:

Former junior minister and senator Michael D’Arcy has not received an exemption from the Standards in Public Office Commission in order to take up a new role with the Irish Association of Investment Managers (IAIM).


In a statement, IAIM said it and Michael D’Arcy are fully aware of SIPO’s guidelines and that he will not be engaging in any lobbying activities, in accordance with the cooling off period for the first 12 months of leaving office.

But how interesting that he should choose now to depart the Seanad. What does this say about his sense of where his party is going in the future…


1. CL - September 29, 2020

“YOU’VE probably never heard of the Irish Association of Investment Managers (IAIM) but they are not an inconsequential representative group for Big Finance in Ireland.
The group’s website says they are “actively involved in policy development in Ireland and have built up valuable long-term relationships with regulators, policy makers and other stakeholders”.
Its board boasts members from international financial powerhouses such as Morgan Stanley, State Street, the Blackstone Group and KBI Global Investors. A veritable who’s who of Ireland’s top investment bankers.”

In the virtual room for the meeting with the banks, of course, was Brian Hayes, the former Fine Gael politician who was, as it happens, one of D’Arcy’s predecessors. He retired from politics last year to head up the organisation that represents and lobbies for the banks, and most recently came to prominence as a guest at that infamous Oireachtas golf dinner….

Meanwhile, people all around Government were left face-palming at another self-inflicted injury.
The political establishment versus the ordinary people. The golden circle. Insiders versus outsiders. One rule for them, another for everyone else.
These are the classic tropes of populism and Sinn Féin is using them to piercing effect. The party is disciplined, relentless and strategic; practically every interview, speech, press release supports the message.
Dublin Mid-West TD Eoin Ó Broin recently explained the strategy as “left populism” – distinguishing it from the right-wing variety of US president Donald Trump, British prime minister Boris Johnson and right-wing movements in various European countries.”

“For a few decades in the first half of the 20th century, American historians thought highly of populism, seeing it as the beginning of the reform tradition that eventually came into its own in the administration of Franklin Roosevelt…..
anti-populism is an essential part of a political myth that is dear to a certain class of people. Hating populism is the built-in corollary to this group’s grand vision of how society ought to be directed: which is to say, by responsible professionals, meaning they themselves, always concurring prudently with one another, always doing their best to steer the world through complex problems.”- Thomas Frank

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CL - September 29, 2020

“If you remove the English army tomorrow and hoist the green flag over Dublin Castle., unless you set about the organization of the Socialist Republic your efforts will be in vain. England will still rule you. She would rule you through her capitalists, through her landlords, through her financiers, through the whole array of commercial and individualist institutions she has planted in this country and watered with the tears of our mothers and the blood of our martyrs.”-James Connolly

England is no longer the dominant capitalist power, but the predators and parasites of international capital still rule, aided and abetted by the comprador Irish ruling class, to the detriment of the working class.

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2. CL - September 29, 2020

“The Taoiseach has said he is not at all comfortable with Micheal D’Arcy taking up a position with a financial association…

Ms McDonald….said this was the second minister at the Department of Finance to go through the revolving door from government to the world of high finance… the Tánaiste welcomed the new job of Mr D’Arcy,

Mr Martin said more widely he is concerned about parties being able to raise foreign donations and told Ms McDonald how he thought her party had raised $15 million over the years from the United States….


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