Thursday, October 09, 2008

Greater Depression

So here we are in the middle of the greatest financial meltdown since the great depression...or are we? After all the government seem to have plenty of money to shore up the failing banks and there has just been the merest hint that in part some of the instability has been caused by the media causing a panic. Of course this is nothing new - whenever there is a crisis of any kind the media frenzy results in panic and a degree of radicalisation of the politicians to such an extent that they suggest increasingly draconian measures to deal with the problem and because of the fear and uncertainty that the media have generated the solution is generally accepted by the plebs.
So here's my suggestion - strip the bankers of their grotesque salaries and plush offices - decentralise most of their operations so that they are in affordable parts of the country and stop them from lending money to each other.

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