Inspired, I don't doubt, by moi - no shame in that - Will Hutton links 2008 to 1979 and the power of financiers now to the power of the unions then. This symmetry is becoming an orthodoxy.
Did I miss it, did the world collapse? The banks lost $500 billion, a nationalsed system of mortgage finance was officially nationalised, a few private banks went belly up, What Mutton is suggesting is state corporatism, talk about throwing the baby out with the bathwater.
A yes, hahaha. When it does become an orthodoxy, I expect there'll be articles pointing out that there isn't really any symmetry between the brothers and the bankers, and that the press are giving us one of Mr Taleb's narrative fallacies. Everyone seems to be proposing yesterday's solutions to today's problems.
A blog about, among other things, imaginary ideas - What ifs? and Imagine thats. What if photographs looked nothing like what we see with our eyes? Imagine that the Berlin Wall had never come down. What if we were the punchline of an interminable joke? All contributions welcome.
4 Comments:
At September 14, 2008 10:40 AM,
malty said…
Thatcher was the trade unions nemesis, whence the usurers ?
At September 14, 2008 12:52 PM,
passer by said…
Did I miss it, did the world collapse? The banks lost $500 billion, a nationalsed system of mortgage finance was officially nationalised, a few private banks went belly up, What Mutton is suggesting is state corporatism, talk about throwing the baby out with the bathwater.
At September 14, 2008 1:12 PM,
mutleythedog said…
I have noticed that Mr Hutton has a lot more comments than you. And some of yours are stupid. Like this one...
At September 14, 2008 2:54 PM,
Mark said…
A yes, hahaha. When it does become an orthodoxy, I expect there'll be articles pointing out that there isn't really any symmetry between the brothers and the bankers, and that the press are giving us one of Mr Taleb's narrative fallacies. Everyone seems to be proposing yesterday's solutions to today's problems.
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