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Also path-dependency. Once you start following the austerity route, promising "painful but necessary change", you can't change tune, not without losing all your credibility. Because that means saying "I caused you all this pain for no good reason, I was just really stupid".

I think Cameron and the other people in the UK government are starting to understand they have screwed up very badly, but there is no going back any longer. There is no alternative.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sun Mar 17th, 2013 at 06:09:07 PM EST
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