Opinion: Stages of Economic Recovery in the UK – Simon Wren-Lewis ex Mainly Macro-John Gelmini

The answer to Dr Alf’s question is that they will do nothing about the banks as the people who control them (not the directors but those above them), are the ones calling the shots, and are far more powerful than anyone in Government.

They will do nothing about austerity either, except to try and get foreign investment into the country and engage in “fire sales” like the recent botched Royal Mail privatization.

Until there are riots in the streets and people rise up en-masse to protest violently, little or nothing will be done to boost exports, increase inward investment or ameliorate the conditions of the vast mass of people who have effectively been written off as not worthy of help.

John Gelmini


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6 responses

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