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We give government officials broad powers so they can take decisive action in time of crisis, not to see them philosophize about moral hazard as they dither looking to the editorial pages of the FT for guidance.

Maybe I'm just old-fashioned. I don't get this New Economy™ thing.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Tue Jan 15th, 2008 at 10:14:57 AM EST
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I don't know about the K but the concept of a civil servant taking responsibility for anything is almost an oxymoron in Ireland

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Jan 15th, 2008 at 10:18:39 AM EST
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The UK has always been an odd mix.

There is a top crust of useless upper class twits that Helen identifies in another section, but then there's a section of very competent, very dedicated administrator types. [Prejudicially I'll point out that these mostly come from the parts of the UK away from London.]

It can be seen in the railway industry in the UK, now privatised, the strongest companies are staffed by the best of the old government workforce.

The tragedy is that the Thatcher years enshrined government inaction as a good in itself. Whereas before the twits at the top were spineless idiots who were blamed at large for failing Britain, now they are individuals of high moral standing who protect us from the horrors of "over-active government."

by Metatone (metatone [a|t] gmail (dot) com) on Tue Jan 15th, 2008 at 01:59:55 PM EST
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