Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
George Osborne has just gambled your future on an extreme economic theory that has failed whenever and wherever it has been tried.

Sorry, but s'reverence, I think Hari is dead wrong.  This is an extreme economic theory that has succeeded -- not failed -- wherever it has been tried.  

It has succeeded in transferring huge chunks of both industrial and biotic resource from the public/commons into private pockets;  it has succeeded in consolidating a greater and greater proportion of global wealth into the hands of a smaller and smaller number of oligarchs;  it has succeeded in rendering the general populace less secure, less educated, less healthy, shorter-lived, more desperate -- a more "willing" and "flexible" workforce, in other words;  it has succeeded in casting the very notion of government into disrepute;  it has succeeded in blaming poor people for their own suffering;  it has succeeded, in other words, consistently and spectacularly, achieving its architects' (Bosses and finance capitalists, oligarchs) real pragmatic goals (rather than their threadbare lip-synch "principles" and promises).

We are living with the consequences of its success, not of its failure.

Remember games theory:  when a given set of rules predictably and reliably produces a given outcome, then we must assume that the purpose of this game is to produce just this outcome.

The System Works.

The difference between theory and practise in practise ...

by DeAnander (de_at_daclarke_dot_org) on Fri Oct 22nd, 2010 at 03:56:52 PM EST

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