Friday, January 23, 2009
The great ship that is Britain.
Brown's rescue ship is heading for the rocks
"What should be a well-constructed bailout is being undermined by government confusion and short-termism" Another article that starts off well but sadly misses the point. It's not about trying to repair the current system that should be the issue as the current system is the cause of all our problems. The only answer is something new and fair.
Posted by flintster1994 @ 11:50 AM (845 views)
3 thoughts on “The great ship that is Britain.”
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japanese uncle says:
Welcome to the Northern Wreck.
mark wadsworth says:
The only answer is something new and fair.
Yup.
1. Debt for equity swaps. Thereafter, strict segregation between sensible but dull building societies for savers and borrowers on <70% LTV and gung-ho banks who get no government or savers deposit guarantees.
2. Land Value Tax.
3. Liberalise planning laws.
mountain goat says:
It is too convenient to blame everything on GB. Loose credit was a global problem. Stupidity with respect to getting into personal debt is the responsibility of each individual. Germans and Japanese people like to save, the UK and USA people like to borrow. The housing bubble has so many causes, including loose credit and a large baby boomer generation who did not trust pension funds.