Mild Rover wrote:
Is that significantly worse than the partial reading of The Wealth of Nations that got us here? Labour rightly get the blame, because it happened on their watch. But it isn't like the Tories were calling for more oversight and regulation when they were in opposition. In fact, they were the ones who dismantled it in the first place and they've done precious little to rebuild it, preferring to focus solely on spending - a big issue, which has exacerbated the problem, but not the underlying cause. Almost the entire political and economic establishment misjudged it over about three decades, and they aren't really facing up to it even now.
Some way o/t - sorry.
No, it absolutely isn't and I agree with all you say. My words were more in mocking of the two Ed's than the literature.
The problem we have is that we are largely a service industry Economy, as most wealthy nations are. So when you look to implement Keynesian ideas, it's the very people who got us into this mess that are going to need the injections into the economy so they can get us out. Which politicians are going to stand with the financial sector, given its popularity? And I like you, don't have much confidence in their ability to learn.
