Monday, November 24, 2008

this looks a bit daft to me

Am I the only one wondering how a crisis, caused largely by people and institutions borrowing beyond their means, is going to be solved by us, as a nation, borrowing a whole load more money.

We've already had one credit crunch.  What happens when an even bigger one hits the national accounts.  Isn't it time to face up to the fact that consumerist capitalism is, literally, bankrupt.

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