... but by all appearances the Bush administration was perfectly happy with nationalizing businesses to bail them out ... the opposition would be in the Senate, and somehow I do not imagine the House of Lords presenting such a hurdle for a UK government to get over.

The problem is certainly not that the policy is guaranteed to fail if enacted ... while the devil is in the details, its one of the main lines of approach for a government addressing a solvency crisis.

If an academic wants to make the point, "this is a solution that can work, and look how its being ignored", that's a fine lesson on the limits of the political discourse in American today ... but that's different from making a policy proposal that you hope to see adopted.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.