What A Surprise
Albert Einstein noted that “We can’t solve problems by using the same kind of thinking we used when we created them.”
Unfortunately, some people are not moved by reality, as the Guardian reports: UK economy stalls and unemployment rises.
There are also rumors that Niki and Angie are on the outs over the role of the European Central Bank. Niki just got the bill for France’s latest bond sale, and the news wasn’t good. He also learned that his austerity program is doing the same thing as the UK’s – sinking the economy.
When you have dug yourself into a hole, the important thing is to stop digging. ‘Conservative’ politicians don’t seem to understand that, or the concept of ’cause and effect’. Belief is important in con games, not economies.
Update: Even CNBC is noticing some problems with austerity.
3 comments
Little chance of a change, The idiot we have as Chancellor Gideon Osborne has a single idea and will see it through. It doesn’t matter if our health service worsens further, more people are unemployed etc, just so long as his class still have the fat he won’t care
jams, now there is the difference between England and America. In England, there is a rigid class structure for all to see. In America, there is a more-or-less rigid class structure which the elite attempt to hide, sometimes succeeding and increasingly frequently failing. Surely you see how vastly important that difference is to the well-being of the common man. [/snark] 😛
I just updated tht even CNBC is beginning to report on the problems of Angie’s plan to demand pain from the peasants. You have to wonder how long it is going to take ‘business’ to understand that every unemployed person is a lost customer.
I could understand if this were dealing with some esoteric problem in economics, but supply and demand is as basic as it gets. You can’t sell anything to people who are broke.