Saturday, January 24, 2009
Matthew Parris says: we were living beyond our means and must now reduce our expectations.
The coming nonsense is that when this recession is over, countries such as Britain should seek and find our salvation in (in what will become a buzz phrase of 2009-10) a “new economic model”. Wrong. Actually we're just stuffed. We hit a tree. There is no replacement economic model for us to drive off in. We must bash out the dents, clear the broken glass, remove the bumper from the front wheel, and limp on as best we can. We should accommodate ourselves to that prospect.