Mudcat Café message #2584104 The Mudcat Café TM
Thread #119236   Message #2584104
Posted By: Richard Bridge
08-Mar-09 - 05:12 PM
Thread Name: Musicians Quiting and Venues Dying
Subject: RE: Musicians Quiting and Venues Dying
The present problems of most of those running pubs can be laid at three doors (itself a fine pub, but not my point).

Our masters in Brussells laid down requirements for competition.

The arch-bitch Thatcher promptly ordered teh dismantling of the tied house system (in general terms).

The damned financial engineers promptly constructed a system in which the brewers raised capital by selling their pubs to pubcos (of which perhaps Inntrepreneur was the most notorious, but there are many others, see for example the case of Bellhaven -v- Ord).

In the Thatcherite depression, the pubcos raped the desperate who had lost their jobs by offering to let them pubs on fundamentall mendacious projections of turnover, and at accordingly astronomical rents. Then of course they bankrupted and evicted them and siezed like leeches on their next victims.

Then of course they clawed back their capital by selling the land to slavering developers who erected ferro-concrete temples to mammon over the objections of the communities from which the heart had been torn.