Friday, May 11, 2007

The real cost of Blair and Brown's economic record

Sadly, BBC economics correspondent Evan Davis glossed over the real cost of our so-called prosperity - thankfully numerous people who've commented on his post have pointed out that much of our so-called growth is based on a tripling of personal debt (never mind the government's own debt). See here for the original article and people's responses to it. To my mind, our obsession with short-term gain (seen by the desire to grow profits year-on-year with no thought to the wider consequences) is part and parcel of this, but I suspect sooner or later we'll be made to pay, and then people's opinions of this so-called age of prosperity will no doubt change.

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