Isn't it amazing that free market supporters who want an economy based on lack of regulation or State intervention can suffer such collective amnesia. It was after all only 8-9 years ago. An alien version of David Attenborough would have a field day describing this unusal phenomenon of self-delusion
Fact. It was that warped view of economics which led to traders gambling with our futures so that they could make a fast buck and banking institutions who were all up each other to the hilt at the time crashed plunging us all into financial crisis.
Fact. It was not socialism which caused the crash because Brown was a free marketeer. Had gorgeous George Osborne been in charge of the economy during the golden Blair years he would have been congratulated and feted for the very same mistakes for which Brown is now being pilloried. What would his medicine at the time have been? 8 years of austerity hasn't solved anything. Would he have allowed the stricken banks to die? After all the market knows best, the State knows **** all and government's role should be to let be what will/should be. No he wouldn't. He would have sought to bail them out as Brown did and would not have acted differently at all. he would have been just as powerless as Brown and Darling were to stop the force of the free market in freefall.
Come on guys. I remember what happened at the time and I'm sure you do too.
I don’t kid myself for one second that the government under David Cameron was conservative with a small ‘c’. The self-proclaimed ‘heir to Blair’ was certainly something with a small ‘c’, but it wasn’t conservative.
