In her speech about the British economy Christine Lagarde effectively told us that George Osborne was doing all the right things while it was only reality that prevented his policies from working. In other words the cure is working but the patient is dying nevertheless. We all laugh when we read about Medieval doctors bleeding their patients to remove "evil humours" but it isn't funny when George Osborne does the same thing to the economy. Neoliberal economics was once described by George Bush Snr as "voodoo economics" and he wasn't wrong. It is based on a self-serving mythology, mumbo-jumbo of the worst kind, and inflicted on the rest of us by the greedy and stupid for whom economics is not a science but a kind or religion - an irrational belief that if you do enough idiotic and utterly selfish things everything will turn out for the best. Well it hasn't, as everyone can now plainly see. Demand in Britain fell sharply in April with people, fearful of the future and having no faith whatsover in this woeful government, unwilling to spend. To add to the fear factor Adrian Beecroft has now unveiled his plans to make it easier to sack the very workers he depends upon to keep his businesses afloat. Nothing illustrates better the sheer idiotic vindictiveness of these people who seek to restore confidence by making everyone more fearful and promote growth by making everyone (except themselves) poorer. The madness of super-sized austerity is evident in the situation in Greece and will soon be evident in Spain and still people like Angela Merkal insist that administering poison is the only cure. The insane have been in charge of the asylum for too long.
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