"If only we'd borrowed a few other important concepts from the Germans we might be better placed to weather the storm; concepts such as “social market” and a conservative belief that far from house-price inflation being a good thing, it's a bad one. But we didn't. We preferred to borrow from those so-called Masters of the Universe on Wall Street, so all we're left with is schadenfreude, anger — or in the case of the poor, outright misery." (I can only feel anger at the bankers going bust | News)Imagine that: a world where flipping property is a trait that is to be derided and seen as economically bad instead of lauded by at least 8 cable television shows. Imagine!
Tuesday, September 16, 2008
British (and erstwhile American) author Will Self sums up the current economic fiasco quite nicely: