10 December 2012


As every sane political leader knows by now, this is not just a temporary emergency created by a bizarre fit of reckless lending: the crash of 2008 simply blew the lid off the real scandal of western economic governance. Having won the Cold War and succeeded in settling the great ideological argument of the 20th century in favour of free-market economics, the nations of the West managed to bankrupt themselves by insisting that they could fund a lukewarm form of socialism with the proceeds of capitalism.
Daley, Janet. "The West is signing its own death sentence", The Telegraph. 09DEC12. URL http://www.telegraph.co.uk/news/politics/georgeosborne/9730434/The-West-is-signing-its-own-death-sentence.html

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