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User Name Thread Name Subject Posted
mandotim BS: Spending Cuts UK - The Thread (249* d) RE: BS: Spending Cuts UK - The Thread 25 Oct 10

It seems your only response to careful, informed argument in ridicule and abuse, Ringer. I'm sad that that is the case, but hope that you feel able to read around the subject a little more. I recommended 'The State We're In' as a first reference, but you might also want to read 'The New Industrial State' by that arch-capitalist J.K. Galbraith. It's an old book, but he effectively foreshadows the current problem; that in an era of global corporations and unfettered movement of capital, the actions of elected governments can be rendered irrelevant. This has been demonstrated several times; I for one did not blame Norman Lamont for his financial crisis; that was engineered by George Soros and his cronies in the world of currency speculation, and there was little or nothing the UK government could do. In the same way, what happened recently in America was governed by American regulation, and there is nothing to stop banks worldwide from dabbling in deregulated markets where there is a dollar to be made. It's hard to see how one government alone can act to prevent this kind of thing if the corporations are free to go elsewhere and carry on.
You have a touching faith in the ability of elected governments to control things; if you were Gordon Brown, what would you have done?

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