This is a story about what people do when they think nobody is watching...

Integrity. What does it mean to have integrity? Let's explore a hypothetical example.

The year is 2011. I'm running a profitable tech startup called Hubflow, and we have just been through a 13-week TechStars network technology accelerator program in Cambridge, run by Jon Bradford and Jess Williamson. We have a bunch of investors who are ready to help us raise a seed round. Mike Butcher has written about us in TechCrunch. We are kicking arse.

The sticking point that is stressing me out is that my partner won't support me. My company needs to relocate to London, Cambridge or somewhere on the M4 corridor so that I can hire the talent I need and get to my customers and investors whenever I need to see them. My partner is a teacher. She can literally work anywhere in the country.

***

I financially supported my partner through her retraining to be a teacher. She had a huge income drop, when she left the investment bank where we both worked, but I made sure that she still enjoyed the 5-star luxury lifestyle that she had gotten used to with me.

Even when I quit my salaried job so that I could build my startup, I had substantial savings and profits, to allow us to maintain the same standard of living. I had bankrolled her when she wanted to make a career change, and she'd never had to tighten her belt or compromise.

This was now my turn to shine. I had done it. I had built a profitable company with a good valuation that was ready for investment to take it to the next stage. It was now time to leave the sleepy little seaside town where we lived and move things closer to the action.

My co-founder had left his pregnant partner behind in his home town, to come and live with me in Cambridge for several months, while we built our business together and got ourselves ready for investment. He had made sacrifices and compromises with his growing family. Now it was the turn of my partner to step up and make a small compromise herself.

However, she wouldn't budge an inch.

I could have left her. And perhaps - in hindsight - that's what I should have done. She had never been very kind or supportive. In fact, she was pretty mean spirited and selfish. I don't know why I stayed loyal to her. I'd had opportunities to fool around while I was working away from home, in Boulder, Colorado, in London or in Cambridge, but I stayed faithful. I stayed faithful because I have integrity.

I then got very depressed. She had refused any kind of compromise. I had to leave her, or my business was screwed. There was no way that me and my co-founder could make it work over such a geographical hurdle. We needed to be together, on the ground, raising money and winning more customers. And we were so close. It was heartbreaking.

By the time Christmas rolled around that year, I had gotten so depressed and suicidal that I was hospitalised. My unsupportive mean ex had instructed my parents to come and take me away, and had involved my doctor, all against my wishes. This was an incredible betrayal. Now she wanted me removed from my own home, that I had bought and paid for. This was a horrible act of selfishness.

Before I was literally dragged away by my Dad, I decided to install a keystroke logger on my personal laptop, which was running my personal account & password. This was clearly an act of paranoia, due to the fact that I was extremely mentally unwell, having recently been released from a mental hospital. Clearly I was out of my mind.

I was driven away from my home, my business, my friends, my possessions, to a village where I had never lived since the age of 4, where I have no friends. Miles away from any cities where I had business contacts, investors, customers. I had just been totally fucked over. This was not in my best interests. I didn't even have a doctor or a psychiatrist nearby.

So then, was my partner interested in my wellbeing? Did she call to see how I was? Was she concerned about me getting better?

I thought it rather strange that she wasn't at all involved in trying to 'help' me, now that I was out of the way. In fact, it was rather strange that all the 'help' was simply to tell people to remove me from my own home. Must have been more paranoia though, right? I was mentally ill, remember?

I levelled my accusations about being dumped like this, and dragged away from everything I held dear. My partner and parents conspired to keep me trapped in this shitty village in the middle of nowhere. They even involved the police "for my welfare".

Anyway, after about a week of this shit, I decided to see if anybody had been using my laptop with my username and password. Strangely enough, and totally co-incidentally, they had been.

On examination of the logs, it looked like somebody had used my laptop and username to set themselves up an online dating profile and start messaging men. How strange. How curious.

Surely this could not have been my partner, for if she was using a computer at all, I'm sure it would have been to research the best possible treatment available for me, or to better understand what had happened to me, so that she could be as loving and supportive as possible, no?

My partner continued to treat me like utter shit and told me that any suggestion I made that she was not acting in my best interests, was purely in my imagination and fuelled by mental illness, paranoia.

Finally, I showed my hand, and she back-pedalled rapidly, begging my forgiveness and swearing that it was all a misguided mistake. She suddenly became nice as pie and started treating me with a tiny fraction of the respect and decency that I deserved.

I then had a brief taste of how I should have been treated all along, and it was nice. My stupid mistake was to then marry the evil *****. A leopard never changes its spots.

Be careful if you get mentally ill with a vindictive, selfish, mean-spirited little **** of a partner, because they might just try to chuck you out of your own house and replace you.

Tags: #divorce #mentalillness #startups #career #suicide #computing

This is a story about ingratitude...

Why do I attack the industry that has suckled me? Why am I so angry and upset with the profession that has nurtured me? Why am I so ungrateful for my whopping big salary and cushy benefits?

Administration: the unnecessary bureaucratic headache that creates unwelcome red tape, adds no value to the real economy and is an overhead that limits the productivity, innovation and creativity of those who are truly useful. I don't work in the Information Technology business. I work in the business of administration.

The two most productive things that I do in any given week are filling in my timesheet and submitting my invoice for payment. The most important thing that I do each quarter is to pay my Value-Added Tax (VAT) down to the precise penny that I owe. If I'm not perfectly on top of my bureaucratic administration, the Government will stop me doing my 'real' job, which is creating software.

But what does the software I create do anyway? Most of it is just keeping score. It's bean-counting software. It's software that creates jobs for zillions of IT professionals like me, so that companies can get rid of zillions of administrators, that they immediately re-employ to make sure their IT professionals are filling in their timesheets correctly.

For every person who I put out of a job, by automating the processes they perform, the company will then invent some other pointless position. Our whole economy is based on bullshit jobs.

Should I be happy to have a job, and to count my blessings? Well, no. It's immoral to not consider whether you are having a positive or a negative impact on society, and on the planet. To count my blessings is an incitement to be wilfully ignorant of global issues, and the betterment of humanity.

So what am I doing instead, to align my values? How do I reconcile the rhetoric of what I preach with the obvious fact that I am enabling massive corporations to continue to ride roughshod over the human race and the fragile planet?

Well, I take the money, and with it I pay my rent & bills. And then, I spend 90% of my time thinking about issues and writing this blog. I'm not paid to create software - so little of my time is actually spent doing that - instead, I'm paid to bite the hand that feeds me. It's an inside job. I'm disruptive and cynical. I'm disillusioned and critical.

Does that mean my colleagues have to work harder to make up for me slacking? No. It doesn't work like that. If my boss asks me to do something, I won't do it. I'll wait to see if they ask me again. My boss isn't going to ask somebody else to do it, because they've already asked me to do it. 9 times out of 10, I'll never be asked again. The tenth time, I'll realise that whatever was asked of me actually was important, so I'll apologise and do the work.

So, am I idle? Absolutely not. With the time I could have spent doing those 9 things that were clearly unnecessary, I will conduct a kind of audit. I will go around, looking to see if there's anything more useful I could be doing. Invariably, there isn't. Everybody is just so locked into a hierarchical system of managers, administrators & clerks, that nobody has looked at the bigger picture and realised that what they're doing is absolute bullshit. Or if anybody has realised that their job is utter bullshit, they're not talking about it.

Now, I'm not talking about nurses, garbage collectors, train drivers, firemen. It's pretty obvious what the useful function of many front-line workers is. However, these people are working all hours for some of the lowest wages. No manager needs to tell a nurse to help a patient who is in pain & discomfort. No administrative drone needs to make sure that a garbage collector is hitting their Key Performance Indicators and is going to achieve their annual objectives at their appraisal. Either the important job is done, or it isn't.

There are functions that literally nobody would miss, except maybe not being harassed by an army of micromanagers and bureaucrats. Isn't it the case that you're propping up a sick and twisted system, by continuing to count your blessings and not rock the boat?

I frankly find it disgusting that I'm paid so many more times more than what a nurse gets paid. If I was to simply sit back and "think positive" and try to enjoy my ill-gotten gains, doesn't that make me a terrible, terrible person?

It's probably true that the world doesn't need any more bloggers, but what am I supposed to do? Impoverish myself and retrain as yet another disrespected front-line worker? It's hardly like they're being heard today, is it? How are the social wrongs ever going to be righted?

It seems to me that the right thing to do is to speak up. Yes, I jeopardise my lucrative career in doing so, but it's the right thing to do. People are more likely to listen to an IT consultant from the banking world, who is critical of the sector that pays me handsomely, than they are to somebody who could easily be dismissed as simply "jealous" or "not smart enough" to land themselves a similar job.

Truly, I do not think that front line workers are not smart enough to do my job. In actual fact, you have to be pretty dumb to be able to turn a blind eye to the social injustice of being highly paid to be an idle manager of hardworking people who do the real jobs.

I currently have no cash to put my money where my mouth is. Quitting my job would literally see me homeless and destitute again. However, I do anticipate a time when I will be faced with a true test of my morality: when I am able, will I quit the rat race and try to do something that is more in line with my values?

I have massively impoverished myself, trying to take an ethical stance, and I would do it again. It's the right thing to do.

Tags: #politics #banking #capitalism #career #computing

This is a story about having too much of a good thing...

Pills, pills, pills. A pill for every ill. We have so much faith in modern medicine at the moment, that we have medicalised boredom, depression, stress, when clearly these are as much a product of our environment, as they are a sign of anything pathological.

The very process of going to your doctor and getting sent away with some unnecessary pills, is well known to have a placebo effect. With the Internet and the possibility of self-diagnosis, we have turned into a society of hypochondriacs, who attribute every tiny discomfort to symptoms that require medical attention.

We have now overprescribed to the point that we have super-resistant strains of bacteria that can't be killed even with our last-line-of-defence antibiotics. Going running to your doctor because you've got a cough or a cold, and being fobbed off with magic beans that you believe can cure your viral infection, is just downright stupid, and now it's biting our arse.

It's the same thing with antidepressants. Because over 60% of us hate our boring stupid stressful crap jobs, we've been dishing our psychiatric medications like they're sweets. Over 60 million antidepressant prescriptions got written last year in the UK. That's enough for every man, woman and child in the whole country.

The number of people taking antidepressant medication for their clinical depression has doubled in a decade. There is a mental health epidemic that is driving so many other antisocial trends: alcoholism, drug abuse, isolation and loneliness, insecurity and anxiety, loss of productivity, loss of motivation, loss of drive to exercise and socialise.

What are you going to do if you work some dreadful zero hours contract for rock bottom wages and can barely make ends meet? What are you going to do if there's no hope of you getting on the housing ladder, or escaping from the financial situation you find yourself trapped in?

Of course people are going to turn to drink & drugs, to try to numb themselves from the painful monotony of working as hard as you can but never getting ahead. There is no light at the end of the tunnel for so many people. You just work, and then you die. None of your dreams will ever come to fruition. None of your hopes will ever be realised.

There's a disrespect for addicts and alcoholics, like they're taking the easy way out. Because there is supposed to be instant gratification in a pill, powder or liquid that contains psychoactive substances - uppers & downers - then it doesn't seem as worthy as those who physically toil for their fix of endorphins. However, how many 'legitimate' routes to happiness are there in the world, really?

There used to be a formula: get married, buy a house, have some kids, die. The first 3 you can't really do anymore, without cash handouts from the bank of Mum & Dad and/or the state. Who can really afford the lavish wedding that society expects us to have? Who can afford the deposit on some crappy tiny little flat, and afford the mortgage repayments, when you earn barely enough to survive? Who can afford childcare and all the other associated costs of childrearing, when you already don't have any disposable income?

All the hard work, industriousness, austerity, careful financial planning, saving, budgeting and diligent application of yourself to furthering your career, is likely to result in what? Maybe a few percentage points of a pay rise, if you're really lucky. Are you going to get promoted? Are you fuck. They're going to promote somebody incompetent and lazy, because they're older and they've been with the company for longer. Merit and hard work will get you nowhere.

So, pretty soon, you're going to get tired & depressed about it all. You tried hard at school. You turned up for your exams and gave it your best shot. You stressed yourself out and went to those interviews and got that job, and you worked your hardest, day after day, even though you could sense it was all utter bullshit by now. And for what? Where are you? What have you achieved? What are you ever going to achieve?

The enormity of it all hits you: you were sold a lie. You can't be anything you want to be. You're not special. You're not unique. You're not different. We're all just so much meat in the mincer. Turn the handle and out comes yet another drone just like you; prepared to do the shittest, most mind-numbingly boring and pointless work imaginable, for a salary that doesn't even buy you the basic essentials in life.

Why wouldn't you go running to the doctor, and ask them to dope you up to the eyeballs, so you don't have to live with the crushing realisation of the pointlessness of it all anymore? Why wouldn't you need happy pills, when you realise that the only way you're ever going to get the things that you were promised that hard work would bring, is by being given a council house or a cash lump sum from your parents. The only way you're going to ever be self sufficient is if Mum & Dad or the state top up your income... like you're some sort of fucking charity case... going around with your begging bowl.

How undignified. What an affront to human dignity it all is. Our parents and grandparents proudly tell us that they're "self made". They make loud proclamations that "nobody ever gave me a handout. I worked hard and I earned my keep". How shameful it is that we're twice as smart and work twice as hard, but we have nothing to show for it, except for a sneering generation telling us that exams are getting easier and that we're lazy and stupid.

Crippling debt and the crippling shame of not being able to live independently, not being able to be self sufficient and feel like we too are earning our money and contributing to the growth and wealth of the nation. It's all so crippling, so debilitating. Of course we need to turn to medications, drink and drugs.

You think it's about having a good time? Happy pills, and lashings of beer & wine? You think people wouldn't rather be happy by natural means, because they're fulfilled by normal things in their life: walking the dog, kissing their kids goodnight and paying the mortgage on their own home?

Antidepressants are a sticking plaster over a gaping wound. We have attempted to cover up the steady decline in the standard of living of young people, and mask the problem using happy pills, but the soaring suicide rates are just the tip of the iceberg.

Unless we face up to the reality that those who are suffering from many mental illnesses are the canary in the coal mine, we will reach a crisis point where most of the population are unable or unwilling to continue to maintain the status quo.

The mental health epidemic is the true breaking point, not immigration.

Tags: #mentalhealth #suicide #depression #politics #capitalism

This is a story about the debt spiral...

When the burden of debt in society is too great, and lenders are unwilling to forgive - to take a debt haircut or even write off debts - then there will be popular uprisings.

It's not that people don't want to repay their debts. In fact, most people accept that debt is a necessary evil in order to get the things they need when they need them, rather than towards the end of their life, in senile old age and infirmity.

And so, we become burdened with a mortgage, in order to give our family a stable roof over their heads. We become burdened with a car on hire purchase, so that we have a reliable and safe modern vehicle to be able to take the kids to school, and to get us to work without breaking down. We put our holidays and special occasions on credit cards, and pay back the debt when we get back, or after the festivities are over.

Most people diligently repay their debts.

In free-market economics, prices are able to fluctuate to find the point where affordability meets maximum profit. Do you think the cost price to the producer or supplier of the goods and services that you purchase, bears any relation to the retail price that you pay? Of course not. That's why a designer brand T-shirt costs at least 10 times as much as an unbranded garment, even though they come from the same sweatshop in the developing world.

In our consumer society, you are 'free' to select the goods and services that you want. However, in order to fit in with your buddies who are in a similar socioeconomic group to you, you will select the brands that they do. If you're rich, you'll do your supermarket shopping at Waitrose. If you're poor, you'll do your shopping at Asda/Walmart. However, the food you buy will have similar calorific content.

The brands become better and better at pricing their products so that you are just about able to buy everything you need, but won't have much spare cash left over. The brands know the income bracket that they're targeting, so they know the level where their consumers will become price insensitive. I literally don't care whether my coffee costs £2 or £4. If my coffee cost £5, then I'd think "blimey! that was expensive, I'm not going to go there again" but the £2 coffee shop could literally increase their prices 100% and I wouldn't even notice.

Once everybody has maxed out their budget, on the mortgage, the car finance, the credit cards, the overdraft, the store cards and some personal loans, where do you really go from there?

We demand that our corporations make increasing profits, but yet in order to do so they must hold down wage inflation and the cost of raw materials. We demand that our economy grows, but in order to do so, people must use increasing amounts of their limited pot of disposable income to drive consumption. What happens when everybody is just maxed out?

We're living in the age of low growth, high borrowing and low wage inflation. In order to sustain corporate profits, the cost of goods & services continues to increase. In order to prop up the capital growth of the pension funds, asset prices - such as house prices - have continued to be overvalued. However, the only way that the general population have been able to maintain their standard of living is through borrowing.

Ordinary people have not been profligate and stupid. People were promised pay rises and promotions, and instead they've been given job insecurity and wage cuts in real terms. If your wage increases just a few percent, but the cost of your housing, bills, food and transportation all increase in double-digit terms, then you're actually getting poorer.

If the headline rate of inflation - which is pretty much just concerned with wages - is low, then the value of your loans & mortgages is not getting inflated away. The baby boomers might complain about interest rates reaching over 15% in the late 1970s, but they forget that their wages were also increasing too. By the time the 1980s came around, people's mortgages were a tiny fraction of what they were earning.

What we see today is people's cost of living skyrocketing, but their wages are the same, which means they're earning less and less in real terms. If your wages stay the same, and your cost of living is increasing, that means you have less and less money to service your debts. So, you tighten your belt and cut back on your consumer spending, which in turn hurts an economy that is so dependent on spend, spend, spend!

What we see today is far worse than the Japanese stagflation that meant that the price of goods and services was getting cheaper, which encouraged people to become thrifty because they could buy things more cheaply if they waited. Instead, what we are seeing is people who have been promised growth, completely screwed over by a system that robs them of their wealth with no opportunity to do anything about it.

In a zero growth world, debts need to be forgiven or else ordinary people will become so unhappy that they will overthrow their idle creditors.

Tags: #banking #capitalism #politics

This is a story about worthless paper...

Do you want to know how to make an infinite amount of money? First, you should obtain a boat. Then, take out as many insurance policies as you can afford the premiums of, on the boat. Then, sink the boat and claim on the insurance policies.

Why can't you do this? Well, because it's illegal to insure something more than once, for the very reason that it creates a financial incentive to go around sinking boats. People respond to economic incentives.

However, it is possible to take out as many life insurance policies as you want. The reason being, that it is assumed that because murder is illegal and suicide used to be (now it's decriminalised) then there is some protection from those who wish to profit from death.

But what about a company? Is a company a person-like entity? Should it be possible to buy life insurance policies for a company?

What is a Credit Default Swap? Well, the simplest explanation is that it's a life insurance policy for a company. If a company gets into a financially distressed situation where it can no longer repay its debts, then the Credit Default Swap will pay out. This is called a credit event. Basically, a credit event normally means the company is dying, because they can't pay their debts. A company that defaults on its debts is never going to be able to refinance themselves after a credit event, because their credit rating will be junk. Game over.

So, if you allow people to take out an infinite amount of Credit Default Swaps, betting that a company is going to go bust, aren't you economically incentivising that event to happen? If there's a bigger and bigger pool of money that is hoping that a company goes bankrupt, that is far bigger than the pool of money who want to see the company rescued, isn't the market going to quite naturally want to push that company under, so that almost everybody gets a big payday?

We know that markets can be manipulated, and because Credit Default Swaps are an Over-The-Counter (OTC) product, there is no market regulation. It's not possible to know who is dealing in these financial instruments, and who stands to benefit. They're kind of ideal for insider trading, because they just don't have the same kind of traceability of equities that are traded on stock exchanges.

The other un-nerving thing about Credit Default Swaps, is that there is no underwriter, and no need to prove that you have sufficient collateral to cover the paper that you have printed. It's possible for organisations to sell vast quantities of Credit Default Swaps, and have nowhere near enough money to cover the losses if the credit events happen.

In the insurance market of Lloyds, there are wealthy names who provide the collateral - cash, precious metals, priceless artworks, property, liquid assets (like shares) etc. etc. - to make sure that the money is there in the event of an earthquake, flood, fire or whatever massive disaster might affect the insurance industry in a major way.

However, in the derivatives market, only the mature products like Futures and Options would have margin calls and require collateral to make sure that losses never exceed one counterparty's ability to pay. Credit Default Swaps have been allowed to be printed completely without regulation, which is concerned with making sure that a credit event wouldn't totally wipe out the risk holders.

Some measures put the Credit Default Swaps market at about $16 trillion, however, when all the contracts were entered into the Depository Trust and Clearing Corporation's central system in 2008, the aggregate notional value of the contracts was closer to $2 quadrillion ($1,700,000,000,000,000). That's a shit tonne of worthless paper.

But is it worthless? Well, when the collapse of Lehman Brothers triggered a credit event, the money that was demanded by those looking to cash in their Credit Default Swaps would have brought down massive companies like AIG as well as putting a deadly dent in the balance sheet of just about every investment bank with a proprietary trading desk (i.e. all of them) who had been foolishly dabbling with these stupid contracts.

Why stupid? Well, the whole idea of being able to make unlimited bets against a company is market manipulating beyond belief. Who's going to recapitalise a company and save it, when you can bet against it in secret instead? Why wouldn't anybody who gets the vaguest whiff of a company in financial trouble not rush off and place large untraceable wagers that it's going to fail?

Naked short selling is pretty bad, but there's only a certain amount of leverage that you can get, and you have to have the collateral to cover your exposure to the risk that the market might go against you. When you're talking about naked Credit Default Swaps, you're looking at the ability to get leverage of thousands of times the amount of money you're actually risking. That kind of potential profit has the ability to move the market, and collapse a company.

It's a simple moral question: if companies are like people, and therefore allowed to be 'life insured', should we be allowed to murder them so that we can cash in on their death?

Tags: #banking #capitalism #jpmorgan #derivatives

This is a story about ethics...

Imagine if you or I got caught laundering the best part of a billion dollars worth of drug money. We'd get sent to jail for a very long time, right? What if a bank got caught doing it, and there was so much evidence that there was clearly a case for criminal wrongdoing that could be prosecuted? Well, maybe you'd get given a chance to get rid of some of your dodgy customers, and nobody would go to jail. Does that sound fair?

Let's think about the financial crisis of 2007/08, when reckless trading meant that the whole banking sector had to be bailed out, causing austerity for ordinary hardworking people. The people who have paid the highest price - with lower wages, job insecurity and cutbacks for frontline services - would never be able to go begging for interest free loans if they behaved so irresponsibly.

Bankruptcy is not a criminal offence. It's OK for a private citizen to run up huge debts, find out they could never hope to possibly repay their creditors, and declare bankruptcy. You don't go to jail for bankruptcy.

So, arguably, what the banks did in 2007/08 wasn't that bad. It wasn't criminal. They had their risk underwritten by governments, so why wouldn't they take huge risks with public money? They were economically incentivised to take those risks, because the precedent of the "too big to fail" bailouts meant that there was no downside risk.

But what about money laundering? What about facilitating payments for drug gangs, dealers, traffickers? If you or I were involved in any of that as a private citizen, the courts would throw the book at us. They'd lock us up and throw away the key. It's criminal.

So, what about the banks? If the biggest bank in Europe - HSBC - was well known to authorities for helping a couple of major drug gangs to launder the best part of a billion dollars in dirty money, wouldn't that be criminal too? Wouldn't people go to jail?

Well, no. Enter the concept of "too big to jail". Just like the financial bailouts that the banks received, banks can also receive Deferred Prosecution Agreements. That is to say, even though you got caught doing criminal stuff, you'll get let off so long as you take some steps to stop doing it in future.

And how long would you have to get rid of your dodgy customers? Well, say the US Department of Justice were thinking about prosecuting you in 2012, you might still be botching the IT project that is apparently 'essential' to get rid of your dodgy customers 4 years later... in 2016.

How much do HSBC really know about their customers anyway? Well, from their electronic records that they already have on file, they know about 6% of what they need to know. So basically, they don't know 94% of what they need to know.

Now, you might not be an IT project management expert, but you'd have thought that it's more important to find out the missing 94% of what you don't know, than even to bother with the 6% that you do know. Sure, it's pretty embarrassing to have to ask your customers where they live again, but what you really need to know is this: where did you get your fucking money?

In Customer Due Diligence terms, this is called Source of Wealth. You might have inherited the money (legit), you might have won the lottery (legit), you might have sold a priceless artwork (legit) and you might have trafficked vast quantities of illegal narcotics (not legit). Basically, HSBC had 4 years to ask all their customers "is your source of wealth drug money?". Did they manage this? No.

I'm quite spectacularly offended by just how badly they botched a simple project to ask all their customers to fess up: are you in the illegal drugs business?

Sure, it's true that HSBC had to cough up a couple of billion dollars in fines, but for them that's just the cost of doing business. Their profitability was barely affected.

Arguments were made to the US to defer prosecution, and to allow HSBC to keep its banking charter and continue to do business in the United States. These arguments were made on the basis of maintaining stability in the financial markets. The Deferred Prosecution Agreement came with stringent terms, that a court would appoint a Monitor to make sure that HSBC actually cleaned up their act. I can tell you now, Michael Cherkasky, that the project to clean up HSBC's customer base was a total sham. A shambolic waste of time & money, mismanaged to the point that the whole thing was laughable.

Do you think that message that is sent to "too big to fail" organisations, that they're above the law and they can never go bankrupt because they'll always be bailed out, is looking like the right one, today, now, in 2016?

The argument that has been made is that we need to prop up the share prices so that the pension funds are protected, and we need to maintain financial stability. Isn't that just utter bullshit, in the face of austerity and extreme volatility in the markets? We've had round after round of Quantitative Easing (QE) and other attempts to breathe life into markets that have lost their minds. There is nothing at all rational or efficient about the global markets that we see today.

And to round it all off, it's corrupt as hell. To allow banks to ride roughshod over the rule of law is the final step in handing over the nations of the world to the multinational corporations who have driven us into a position of financial ruin, much to the pain of the vast majority of ordinary working people. It stinks of the worst corruption ever perpetrated on Western civilisation, does it not?

Somebody has to call time on the lack of ethics and accountability for the too big to fail organisations, and their board members who are too big to jail.

When we allow the likes of Stuart Gulliver to be the CEO of HSBC, when he doesn't even keep his wealth in the bank he manages, but instead keeps it hidden in the Cayman Islands and Switzerland, clearly we have corruption right from the top down.

David Cameron, outgoing Prime Minister of the United Kingdom said, as recently as April, that "[I] can't point to every source of every bit of [my] money" but yet we would have the likes of you or I have to prove that our filthy lucre was not ill-gotten gains from some criminal enterprise. The corruption comes from the very top of both Government and organisations. It stinks.

Who is going to grasp the nettle and hold Government and large enterprise to account for having run us into economic ruin, while busily siphoning wealth offshore?

There needs to be accountability. There needs to be jail time for corrupt executives and government ministers.

Tags: #banking #capitalism #hsbc #politics

This is a story about a feeling at the pit of my stomach...

How often do we think "I want to help, but I've got so many of my own worries"? How often are we held back by the bystander effect... assuming that somebody else is going to step in first, so that we don't have to?

You'd hope that nobody would have to be in hospital alone, uncared for, while they're in pain and discomfort. You would think that even somebody who has been infected with Ebola, has loved ones who have come to wave through the protective plastic bubble.

Leaving aside my own obnoxious family, doesn't it set alarm bells ringing for you, the fact that we have a society that can so easily turn its back on undesirable members?

Whether it's the benefits cheat, disability scrounger, mental health basket case, junkie, alkie, hobo... whatever. There are plenty of people who have been demonised by the media. We have even descended to the depths of attacking our economy-boosting immigrant population, with terrorism as the brush with which we tar an entire Muslim community, for example.

This whole "look after number one" isolationism, along with "take our country back" and "look after our own" misguided silliness, is rather telling of a wider trend: everybody is just being selfish as fuck.

You might think it's in your family's best interests to hide behind your locked front door, and assume that the world is filled with rapists, paedophiles and murderers, but actually the whole of civilisation is coming to an end, because of the fear and mistrust, and reluctance to help one another.

That's a big statement, isn't it? "Civilisation is coming to an end".

Well, let's examine that a little more carefully. What even is civilisation? Surely, civilisation is not leaving anybody to die of starvation or exposure to the elements? Surely, civilisation is caring and sharing with one another? Surely, civilisation is working together, not acting like a bunch of individual animals, fighting with each other?

So, when I think about going back to work tomorrow after an excellent weekend of looking after number one, I can't help but have a heavy heart, thinking that my job is simply to make the rich richer. I might have a big paycheque but I certainly don't think that means I'm delivering good value to humanity. On the contrary: I know that I'm propping up a very broken system, and I hate it.

Yes, it makes sense for me to take the money, and to stuff my mattress full of filthy ill-gotten lucre, but it's painful. It actually makes me unwell, to know that I'm part of the problem, not part of the solution.

Once you get some skin in the game I guess it becomes a little bit easier to justify the unjustifiable. Little Hugo needs his ballet shoes, after all, so you'd better go off to work for the capitalists who are intent on destroying the world. How could you possibly help the homeless, when you need that money to get bright special little Alice into that slightly better primary school? Perfectly understandable.

Maybe our children will catch poverty. Maybe children will catch mental illness. Let's not take any refugees, and let's allow people to starve and go homeless, because surely we're living in a jungle where only the fittest will survive. Isn't that what life's about? Have as many children as possible and fuck everybody else?

Doesn't it seem a little primitive to you, this way of acting that is tribal, nationalistic, isolated, don't trust your neighbour, fuck the refugees, fuck the poor, fuck the sick, fuck everybody who isn't me?

I know that I could easily do a "fun run" or a sponsored "do something enjoyable that I was going to do anyway" in order to salve my conscience. Maybe I can get a partial lobotomy, so that I can forget that charity has completely failed to do anything about poverty and inequality, and it never will.

It's people's attitudes that suck. It's this whole "it must be somebody else's problem. It's certainly not my problem" thought pattern that sucks.

The point is: it's everybody's problem.

Tags: #politics #capitalism #career #depression

This is a story about natural remedies...

Sweat, tears and the sea: salt water is the cure for many of life's ailments, especially an aching of the soul. Sports that are powered by nature - gravity, waves or the wind - are often called freeride. The feeling of freedom is important for every human. We can't live entirely in the concrete jungle.

I've been talking about getting back into kitesurfing for 3 years now, but it's not been a symptom of my poor mental health that I haven't. In actual fact, I needed incredibly favourable conditions to get back in the game.

With 8 year old kites, no car, no wetsuit and an incredibly stressful home and work life, there was little chance that I was going to find the time & money to think about leisure pursuits, let alone the effort involved in re-equipping myself.

The fact that I'm hoping to ride the ocean waves once again, tomorrow, is symptomatic of an improved situation... hope. I'm not looking for kitesurfing to cure my ills, but the fact that I'm going to be doing it again shows that things have substantially improved in my life.

I still need to dig through my stuff to find my harness, pump, board, fins. I still need to pack my bag and drag my gear across London, to a friend's house, who has a car and has kindly offered to chauffeur me to the coast.

However, I am now buoyant with anticipation. I have elevated energy levels and enthusiasm. I will have no problem springing out of bed early tomorrow, in order to get to the beach. I know that I will be inflating my kite and setting my gear up with every bit of speed and determination that I ever used to put into the preparation for getting out onto the water.

I've had a hellishly boring week, which has been surprisingly stressful. The boredom has been punctuated with being given a hard time by both my boss, and my end-client. The rest of the week, I've just been trying to look busy, killing time. I've struggled to make it to work on time. I've considered phoning in sick. I've considered quitting and running away. I've felt suicidally desperate at times.

Now, tonight, I want to live. I want to stay alive so I can go kitesurfing tomorrow. I have my patio doors open and a steady breeze is blowing through my lounge. I know that the South-Westerly wind that's forecast for tomorrow is likely to be reliable. I know what the tide times are. I know which beach I'm going to, where we should park, where I'm going to set my kite up, where I'm going to launch. I'm visualising every step in anticipation, so I'm prepared and not a moment is lost.

It might be as much as 4 years since I kitesurfed here in the UK, but there's something very special about our murky choppy water, with its dangerous tides, overcrowded beaches and built-up foreshore.

So, tomorrow's not going to be some sun-kissed white sand beach in an exotic location, with warm water and a fresh coconut waiting for me when I've finished kitesurfing. However, I'm almost more excited about it. Sure, it's the weekend, here in the UK when the whole of London seems to head for the coast, and I'm sure every kook will be barrage-ballooning the popular kite spots. Just so long as I get a little taste of salt water again though, I'll be happy.

This is a watershed moment, for me.

Tags: #kitesurfing

This is a story about pressured speech...

A lot of my life has felt like driving with the handbrake on. When I'm finally released from the crap that's been artificially holding me back, I go off at breakneck pace, because I don't know when the next time is, that I'm going to be thwarted by somebody who is simply getting in the way and slowing things down unnecessarily.

Teachers at school need to pace their lessons so that most of the kids in the class can keep up. I'm not saying I'm the brightest, but school certainly didn't stretch and challenge me to the point where I really had to concentrate or try hard. I had plenty of spare time to draw cartoons, write rhymes and stories, and to mess around with computers. It's lucky that it worked out like that, because my computer skills have been far more marketable than any academic qualification ever would have been.

I entered the world of full time work at age 17 as an experienced computer programmer who had written games, simulations and produced websites. It was a painful transition, because now I had layers of ineffectual middle managers, incompetently pushing paper and trying to justify their pointless existence. There's one job: build the fucking software. I don't need some pleb to 'manage' me.

When you make a computer game or a website, it's a fairly creative process. You have to design the look & feel of the software, as well as actually write the computer programs that make it work. The success of a piece of software hinges on how useable it is by people. If people can't intuitively use your software or website, it's a failure.

Making games is hard. If you can make computer games, you can do anything. Honestly, having written software that guides torpedos to blow up ships, I can say that computer games are way harder.

So, I found the world of work to be extremely frustrating. I learned how to program in machine code at college. That's the very lowest level programming language there is. All other computer programming languages compile down to machine code.

Programmers try to keep themselves entertained by inventing more and more abstract programming languages... C becomes C++ and C# etc. However, it's all just instructions in machine code that are executed by the computer processor... it's all ones and zeros at the end of the day: boolean algebra.

Am I blinding you with science? Really, please don't switch off... it's easier than you think!

The whole logical thinking part is the easy bit. The hard part comes when you start thinking about how a human is going to use your software. You can guarantee that somebody will click the wrong button, or type something that you just weren't expecting them to type. Attempting to guide and constrain humans into a machine interpretable set of predefined steps, is the biggest challenge, not the logical processes that happen in code.

What happens when your whole job is to control the variables, and make software into something functional and boring... no weird and wonderful bugs... no unpredictable behaviour? In a way, once you have a few strategies for solving these problems, there is no challenge left in the job. It becomes a paint-by-numbers.

There are probably more ways of developing a website than there are atoms in the universe. I pity the poor web developers who have to know tons of User Interface frameworks, but their job is essentially always the same: what colour do we want the fucking buttons?

I could take no joy from the 'creative' side of being a web designer. There's no creativity. It's just listening to the dumb ideas of your client, who has shit taste and no idea about what good design looks like. The client always wrecks the creative process, along with everybody else in the entire world, and their mother. Everybody's got an opinion on something so subjective as the look & feel of a piece of software. You can't take any joy in creating beautiful looking apps and websites, because you'll never please everybody and the person paying the bill will always wreck things.

So, having neglected my cartoon drawing for many years, I return to writing.

I sit at my desk at my boring job, and I write. But I'm always looking over my shoulder. I'm not supposed to be writing. I'm paid an unspeakable amount of money to manage a software project, but I know that I'll basically just make the lives of my developers fucking miserable if I micromanage them, so I just let them get on with things while I write.

However, I'm always wary of who can see my screen. Is my boss going to suddenly appear at my desk and ask me what the hell I'm doing? How can I relax and write away, when I should be 'working'?

And so, I hack away as fast as I can, to produce something before I'm interrupted, or somebody asks about what's on my screen. I need my little creative outlet, or else I would go insane. I need to write.

But, it's frustrating as hell, trying to get all my creativity out in snippets of time that I grab in the dead time on the run-up to lunchtime, and before I need to prepare my evening meal and go to bed to start the whole miserable cycle all over again the next day.

You might think that writing is a luxury, but it's actually a necessity for me. It's helping me to organise my thoughts and process what just happened to me. It's helping me to deal with the fact that I have to work the most depressing boring easy job in the world, just to plump up my finances again, after a traumatic couple of years.

So, I write, and I write lots. You might think that it's self indulgent, and maybe you've got a book in you too, but you don't have the luxury of sitting around writing. Well, if you were serious, you'd do it. I could rattle off 50,000 words in a week, I reckon. The words just have to come out.

What's super frustrating right now is how the quality really suffers, the more pressured I am. When I'm at work, when somebody is trying to talk to me, when I've said I'll go out and meet somebody in the evening... it's fucking agonising to have to rush. I write as fast as I can, but I don't get the enjoyment from the creative process that I should do. I don't get the full benefit.

I've already written once today, but I'm writing again because I'm not satisfied. I'm not satisfied because I never got to consider my words. I'm not satisfied that I because got to review and refine what I wrote. I'm not satisfied because I was so rushed.

But if I don't get this stuff down, the lack of creativity and challenge in my day job is going to kill me.

Tags: #writing #career #computing

This is a story about haters...

Nobody wants to be called vain. Nobody wants to be accused of being a narcissist. Nobody wants to be seen preening, or self-admiring.

However, how are you going to get a girlfriend or boyfriend, if you think you're unattractive? How are you going to pass that job interview, if you're not self-confident? How are you going to feel that you even deserve to be alive, if you're denied the right to at least feel that you have a little bit of value?

There seems to be this irrational paranoia, like we're all going to fall in love with our own reflections, and it will somehow be the end of the world if we allow shallow selfie culture to take root. However, I think there are a generation who have been denied the right to feel good in their own skin.

For sure, people are taking things too far, in an effort to look good. Addiction to plastic surgery and other cosmetic procedures has reached epic proportions, and some people look like a real train-wreck due to the amount of money they've poured into their appearance.

However, why don't you get your teeth straightened and whitened? Every time you see your smile in the mirror and in photographs, you're going to feel a little better about yourself. For sure, why don't you let yourself get a bit of a tan? Everybody looks healthier and happier with a rosy glow in their cheeks.

Do you know what will happen when you stop letting people tell you that you're narcissistic and vain for wanting to look good? Well, you'll start feeling a lot more comfortable in your own skin, and other things that you struggled with will fall into place. Instead of hating yourself for having that extra slice of cake and not going to the gym more often, you'll find that your weight, or at least your perception of your weight won't be such a problem.

We've all heard of body dysmorphia, right? Well, nobody can deny that there are curvy women who are just as sexy as the skinny ones. There is no absolute body size that is attractive or unattractive. Attractiveness is more a function of self confidence than something quantifiable.

I'm sure we've all looked at a couple and thought "why the hell is she/he with him/her?". There appears to be a shocking disparity in looks. However, one partner might be very secure with their image, and hence not looking for somebody to validate their own worth, while the other might need to feel that they're punching above their weight, to compensate for cripplingly low self-esteem.

It's also possible to internalise low self-esteem. Instead of buying a fancy sports car, wearing expensive jewellery and luxury clothing brands, and having a trophy partner, there are a bunch of people who become introverted in response to their low self esteem. They are shy and avoid eye contact in new and unfamiliar situations. In fact, maybe they avoid new situations altogether, because it's too much of a painful reminder of just how unpopular and unlovable they feel.

Nightclubs are the very epitome of the introverted person with low-self-esteem's idea of hell. The idea that you should basically flirt with eye contact and barely perceptible body language hints, in order to pair off with somebody through an entirely looks-based evaluation of each others attractiveness, is frankly ridiculous, if you don't think you're exactly "hot stuff".

But it doesn't take much to tip the balance. Getting drunk, having a sniff of cocaine or having your teeth whitened and a trendy haircut could make all the difference. Feeling good in your own skin is about self-perception, and it can take surprisingly few tweaks to feel completely different about yourself... it's just that you're not letting yourself do those things, because you think it's vain.

My advice: do it. It could make all the difference to your self-esteem, your confidence, how outgoing you are, and ultimately how happy you are.

It sounds so shallow, but what have you got to lose?

Tags: #mentalhealth