The political conventional wisdom in Britain is that the current coalition is an aberration. Sooner or later either the Conservatives or more likely, Labour, will be able to govern alone. This will be-it is argued- a return to politics as usual. I think this represents a failure of imagination. I also think it underestimates just how difficult the next decade is going to be. Europe as a whole is already in an economic crisis which is the equal of the hungry 1930s. It is a crisis that represents a sum of failures, financial, economic and political. The fundamental problems- wrong risk models for banks, wrong levels of leverage in the wider economy and inflexible political policies and institutions- have not been addressed. Despite the best efforts of financial, economic and political leaders, the process of breakdown has continued and is even accelerating. Much that we have taken for granted is now being tested to destruction. The criticism that has been laid against George O...
Musings on World events from the perspective of a Social and an Economic Liberal.