The last 24 hours (29th May) have demonstrated the truth of ‘If you want to know who really rules you find out who you are not allowed to criticise’. As the image shows billionaire media mogul Denis O’Brien has managed to almost completely suppress stories about him in the few outlets he does not control.
Those media outlets he has ownership of seem to have somehow missed TD Catherine Murphy’s revelation that somehow O’Brien had managed to only pay 1.25% interest on the 500 million he owed to IBRC (in effect to us) rather than the expected market rate of around 7.5%. The difference costs us about 30 million a year.
This isn’t the first story of O’Brien getting a good deal from the IBRC. Almost a year ago the Irish Times reported "in a deal that again involved the writing down of bank debt. O’Brien took a controlling interest after he bought about €304 million of the Topaz Energy Group’s] loans from the State-owned Irish Bank Resolution Corporation (IBRC), in liquidation,for a reported €150 million."
The saga of Denis O’Brien trying to stop the media reporting on his relationship with IBRC continues this evening. A short while ago a story reporting on what was said about the deal in the Dáil today vanished from the Irish Times website. Our picture is the screen grab of that story.
I remember being in a tent at Electric Picnic perhaps 3 years ago when Christy Moore belted out the Pogues ‘Thousands are Sailing’ to 15,000 very emotional people. For sure there were other sources but a good part of the emotion was the sense that it was all happening again.
Drug criminalisation claimed another tragic victim last night 17 May) with the death of 18 year old Ana Hick. From press reports it appears hers was yet another preventable death caused by taking toxic PMMA that is sometimes substituted for MDMA due to prohibition and ruthless gangster capitalism.
On Friday 22nd Ireland goes to the polls for a referendum to introduce Marriage equality, when it is passed Ireland will be the first country to introduce Marriage equality by popular vote. In the final days of campaigning the reactionary anti-equality crowd are becoming increasingly open about their homophobia as they become increasingly desperate in the face of defeat.
Thank’s to the unpopular property tax we at least know slightly more about the super wealthy in Ireland. The government is normally very careful to neither collect information about this group nor to publish it in a way that would reveal the enormous gap in wealth and power between us and them. It would not do to have Joe or Josephine Worker realise that they could work for 10,000 years and still never approach the wealth of the Denis O’Briens.