The Great Debate UK
Unlike the 1930s, there are no hunger marches or tent cities of the homeless and jobless in Europe’s biggest economic slump since the Great Depression.
Welfare states built after World War Two, and labour market regulation in many West European countries, have cushioned workers and their families so far from the full force of the collapse of banks, the credit squeeze and a deep recession.
“People who were criticising the European welfare state just a few months ago are now praising it as a shock absorber in the crisis,” said Jacques Delors, who championed pan-European social legislation as European Commission president from 1985 to 1994.
from UK News:
The shockwaves reverberating through Westminster as the MPs' expenses scandal unfolds have been compared with the "Clean Hands" bribery scandal that effectively demolished Italy's post-war political establishment in the space of a couple of years in the early 1990s.
If things are going to get that bad, the guilty politicians are going to have an uncomfortable time.
The expenses crisis is well and truly engulfing Westminster, with equal anticipation and dread about future revelations. Labour was quite reasonably aggrieved that the initial stories all seemed to be about their MPs.
Here’s a novelty — an awkward process that this British government has actually got right. Labour has played a fine game of grandmother’s footsteps in its realization of the inevitability of new nuclear power stations, and this week has clinched the sale of two sites for them.
from Luke Baker:
For the best part of 12 years, Labour has pursued essentially conservative (with a small 'c') economic policies, steadily underburdening itself of the 'fiscally unreliable' tag that some earlier Labour administrations were (wrongly or rightly) saddled with.
And for most of the past 12 years, as the global economy steadily expanded and Britain's along with it, with aggregate wealth rising smoothly, Labour looked strong at the helm each time the budget came around.