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I and I and the international financial crisis | Observationalism

I and I and the international financial crisis

Economy, Funny, Music, World Economy

I’m guessing this might be a first: a dub reggea track about the international financial crisis. Called “The international financial crisis”. Could someone please explain to me / this problem with liquidity? Should be #1 in the guy’s MySpace playlist.

Mr Brown he acted quickly
for that we must give him thanks,
He made a Big Decision
and he nationalised the Banks,

France and Germany
they quickly followed suit,
It’s a tempory solution
now we got to get to the root
of this …

International Financial Crisis
International Financial Crisis

Then again, JC Carroll isn’t your average rastaman. Once upon a day, in 1976, he was a trainee merchant banker. Then he joined The Members, which were good for a couple of definite UK punk classics. I still play their Solitary Confinement and Sound of the Suburbs - infectiously simple songs that combined the punk spirit with an irresistible guy-next-door vibe. Check their Wikipedia page for an odd little rundown of events that feels like one of the band members must have had a hand in it - judging on all the talk about “the Tesco-Carroll axis that .. dominate[d] the band” maybe JC himself?

Fast forward 30 years: Tesco’s been in a couple of bands, including the hilarious Leningrad Cowboys, and become a journalist at Music Week, while Carroll established a clothing shop or two and is now online on sites like these. I’m a sucker for obscure post-rock fates and all the idiosyncrasies involved in journeys like the one from here to here. For curiosity value, then, check out the YouTube vid of Carroll announcing and performing the “World Exclusive” of International Financial Crisis on “the legendary Manhattan Cable Show” Rant and Rave too. The MySpace version is definitely better, but … yeah, I’m a sucker for meandering life paths.

Anyway, Carroll may have the first dubby take, but there is, apparently, already something called “recession pop”. And I had to hear it from my septuagenarian father, who got it from the Freakonomics blog. The couple who sent in a home video of their song Fannie Mae Eat Freddie Mac and Cheese surely rival Carroll’s Rant and Rave performance, and Casey Shea’s “hushed and hopeful” Everybody’s Getting Bailed Out (Except for Me) brings romance to the economic angst. But the “noisy and apocalyptic” third exhibit will have to be the poster child for recession pop for now:

Constantines - Credit River

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