Not a single country, certainly not Gordon Brown's Britain, has come forward to outline how Western European states are going to make severe reductions in current forms of state expenditure - someone has to pay for bail outs in a recession.

They don't need to reduce state expenditure. They need to increase taxes on the people who have been gambling with everyone else's cash.

There's no lack of liquidity, and certainly no lack of potential funding for social investment. The problem is that wealth has been systematically farmed and extracted - and then wasted.

Why do you think social investment is a bad thing, but simultaneously seem to be suggesting that gambling with other people's cash is a good thing?

As for Gordo and his evil minions - the UK has a wretched record of political mediocrity and entrenched class war. What's missing isn't more class war, but real vision - and that vision isn't going to be found anywhere in the UK's political classes, on any side of parliament.