Sunday, 25 September 2011

Thatcherism on Smack

As the Guardian points out today, David Cameron is hardly setting the G20 alight with his lack of leadership and insight into Global Financial Meltdown II. George Osborne is no better with his words of wisdom: "There is a recognition here that the global debt crisis has entered a dangerous phase." No shit Sherlock.

While you might forgive them a little if they were concentrating on sensible policies to stabalise the UK economy, it is quite clear that they are following the disaterous approach of Greece, Ireland, and indeed many developing world countries that were forced by the IMF into selling public services off and slashing public spending. It didn't work there and it won't work in the UK.

What they should be doing is taking a firm control of the monetary policy. Nationalising the banks, controlling the money supply, and eliminating (as far as possible) tax avoidance.

Yet what we have instead is“Thatcherism on smack” delivered by Lib Dems and Tories.

Can I recommend Richard Murphy on economics.

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