I love the fact that our politicians have apparently decided that nationalisation and governmental intervention is actually the only sensible route to take in certain circumstances, but that none of them will actually say so.
Fannie May and Freddie Mac have this week followed Northern Rock into national ownership: there has been barely a whiff of political or economic dissent to the astonishing development.
Some stuffed shirt or another from Goldman Sachs told the Today programme yesterday that governments have a “duty to intervene” in circumstances such as those that have developed in America, where free markets have failed working people.
That, once again, from Goldman Sachs.
Goldman Sachs, the investment bank.
(I’m sure they said much the same circa 1978 a propos British Leyland and British Steel. The tape of that interview probably just got wiped.)
Most interestingly Dave Cameron’s barely locatable, let alone jumping up and down on the Six and Ten, yelling to Huw about the Trots in Number 10 and the White House and their evil machinations designed to thwart the unchecked progress of global capitalism.
Don’t tell me that the fucking Tories are going to be to the left of Labour at the next election: I’m on a diet and I don’t have the strength to take that…