October 28, 2011
The capitalism protest in London situated itself outside a cathedral, not just any cathedral but the most famous one that attracts thousands of tourists every day. Many of them pay St Pauls money which was reported as being twenty thousand pounds per day.
Why do they penalise the Church? Because it exemplifies the role of the Church as sanctuary from the law. The police tactics have backfired on the church. That is the political wedge driven by this protest. It goes beyond merely the bankers, it is their sense of faith in mathematical odds that require a powerful sense of belief, sometimes so powerful it becomes right. Sometimes however collective faith, the kind where everyone gets lucky in a market at the same time is revealed to be merely that, and a collapse follows. This recession is due to that sort of event to the power of each level of securitised assets that went horribly wrong amplifying the collapse from impossible risk sub prime mortgages. It was always going to happen.
The police tactics have drawn the response of political strategy.