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The Reagan/Thatcher revolution, the "pensée unique" and later the social-democrat "third way" have coincided with an erosion of the ethic of public service. The cultural effect of the last 30 years may be more lasting and damaging than the economic effect.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Tue May 31st, 2011 at 05:27:59 AM EST
[ Parent ]
Migeru:
an erosion of the ethic of public service.

and a corresponding diminution of public trust in their government spokesmen.

The cultural effect of the last 30 years may be more lasting and damaging than the economic effect.

it's quicker to whip up a bubble than educate a child... the yawning gap between rich and poor, 3 generations of entitlement, and the paucity of employment opportunity leads to intense cynicism amongst the youth, and a rejection of even the most basic of social pacts. a cocktail of reasons for dissent, but the PTB, in their flawless wisdoom, have decided that a please state is one where renewables are ignored, suppressed, defamed and otherwise hobbled, when a switch would guarantee umpteen responsible jobs for the unemployed and reduce social tensions no end*, in favour of coal/gas/nuke top down oligarchy where no-one in their right mind would want to work, just to keep those freaking utility bills coming in.

*and just for kicks possibly save our species from mass extinction.

yes, we have no bananas.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue May 31st, 2011 at 05:57:54 PM EST
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